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High volatility in Green Globe International, Inc. stock price on Wednesday which ended trading at $0.0043
(Updated on Dec 22, 2021)
The Green Globe International, Inc. stock price gained 7.50% on the last trading day (Wednesday, 22nd Dec 2021), rising from $0.0040 to $0.0043. During the day the stock fluctuated 21.62% from a day low at $0.0037 to a day high of $0.0045. The price has fallen in 4 of the last 10 days and is down by -14% for this period. Volume fell on the last day by -2 million shares and in total, 9 million shares were bought and sold for approximately $39.50 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0034 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.54% during the next 3 months and, with a 90% probability hold a price between $0.0025 and $0.0068 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, December 15, 2021, and so far it has risen 16.22%. 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. The Green Globe International, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.0057. On a fall, the stock will find some support from the short-term average at $0.0040. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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
Green Globe International, Inc. finds support from accumulated volume at $0.0041 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be “very high risk”. During the last day, the stock moved $0.0008 between high and low, or 21.62%. For the last week the stock has had a daily average volatility of 24.99%.
Is Green Globe International, Inc. stock A Buy?
Green Globe International, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.842
Predicted Opening Price for Green Globe International, Inc. of Thursday, December 23, 2021
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.
Fair opening price December 23, 2021 Current price
$0.0042
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