Ianthus Capital Holdings Inc Stock Forecast
Big movements in Ianthus Capital Holdings Inc stock price on Wednesday moving 17.19% between high and low
(Updated on Mar 27, 2024)
The Ianthus Capital Holdings Inc stock price gained 3.62% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.0200 to $0.0208. During the last trading day the stock fluctuated 17.19% from a day low at $0.0192 to a day high of $0.0225. The price has risen in 7 of the last 10 days and is up by 12.16% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 105 thousand shares were bought and sold for approximately $2.18 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.98% during the next 3 months and, with a 90% probability hold a price between $0.0096 and $0.0150 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ITHUF Signals & Forecast
The Ianthus Capital Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0191 and $0.0203. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 22.06%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ianthus Capital Holdings Inc stock
Ianthus Capital Holdings Inc finds support from accumulated volume at $0.0204 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0033 between high and low, or 17.19%. For the last week the stock has had daily average volatility of 21.32%.
Our recommended stop-loss: $0.0201 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ITHUF) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Ianthus Capital Holdings Inc to open at $0.0208, and during the day (based on 14 day Average True Range), to move between $0.0175 and $0.0240, which gives a possible trading interval of +/-$0.0032 (+/-15.65%) up or down from last closing price. If Ianthus Capital Holdings Inc takes out the full calculated possible swing range there will be an estimated 31.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0204 (1.69%) than the resistance at $0.0242 (16.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ianthus Capital Holdings Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.584 Buy Candidate Upgraded
Predicted Opening Price for Ianthus Capital Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.0208 ( 0.321%) | $0.0208 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITHUF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0241 | 16.22 % | |
R2 | 0.0229 | 10.15 % | ||
R1 | 0.0221 | 6.40 % | ||
Current price: | 0.0208 | |||
Support | S1 | 0.0196 | -5.75 % | |
S2 | 0.0188 | -9.51 % | ||
S3 | 0.0175 | -15.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0255 | 22.89 % | |
R2 | 0.0248 | 19.52 % | ||
R1 | 0.0242 | 16.63 % | ||
Current price | 0.0208 | |||
Support | S1 | 0.0204 | -1.69% | |
S2 | 0.0200 | -3.61% | ||
S3 | 0.0190 | -8.43% |
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