cbdMD, Inc. Stock Forecast NYSE: YCBD
Create a Watchlist
RSImin/max Values: [ 25 – 75 ]
Red day on Friday for cbdMD, Inc. stock after losing 1.53% (Updated on March 26, 2021)
The cbdMD, Inc. stock price fell by -1.53% on the last day (Friday, 26th Mar 2021) from $3.92 to $3.86. During the day the stock fluctuated 6.67% from a day low at $3.75 to a day high of $4.00. The price has fallen in 8 of the last 10 days and is down by -14.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -55 thousand shares and in total, 334 thousand shares were bought and sold for approximately $1.29 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.64 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.19% during the next 3 months and, with a 90% probability hold a price between $4.31 and $8.07 at the end of this 3-month period.
Signals & Forecast
Furthermore, there is a buy signal from the 3 months 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 cbdMD, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.99 and $4.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 10, 2021, and so far it has fallen -38.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today’s level from accumulated volume at $3.61 and $3.36. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, cbdMD, Inc. finds support just below today’s level at $3.61. If this is broken, then the next support from accumulated volume will be at $3.36 and $3.24.
This stock has average movements during a day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.25 between high and low, or 6.67%. For the last week the stock has had a daily average volatility of 7.26%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is cbdMD, Inc. stock A Buy?
The cbdMD, Inc. stock holds several negative signals and despite the positive trend, we believe cbdMD, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.921
Predicted Opening Price for cbdMD, Inc. of Monday, March 29, 2021
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.
Check if YCBD has a Buy or Sell Evaluation. YCBD Stock Price (NYSE), Score, Forecast, Predictions, and cbdMD, Inc. News.