Volatile ride for Galaxy Next Generation, Inc. stock price on Monday moving between $0.0110 and $0.0125 (Updated on August 30, 2021)

Sell candidate since 2021-08-17 Loss -4.46% PDF

No changes to the price of Galaxy Next Generation, Inc. stock on the last trading day (Monday, 30th Aug 2021). During the day the stock fluctuated 13.64% from a day low at $0.0110 to a day high of $0.0125. The price has fallen in 5 of the last 10 days and is down by -23.18% for this period.

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 -20.29% during the next 3 months and, with a 90% probability hold a price between $0.0076 and $0.0121 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 19, 2021, and so far it has risen 0.79%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Galaxy Next Generation, 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 $0.0116 and $0.0124. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible turning point.

Support, Risk & Stop-loss

Galaxy Next Generation, Inc. finds support from accumulated volume at $0.0114 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be high risk. During the last day, the stock moved $0.0015 between high and low, or 13.64%. For the last week the stock has had a daily average volatility of 8.84%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Galaxy Next Generation, Inc. stock A Buy?

Galaxy Next Generation, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.786

Predicted Opening Price for Galaxy Next Generation, Inc. of Tuesday, August 31, 2021

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price August 31, 2021 Current price
$0.0117 $0.0115 (Undervalued)

Sell Candidate Unchanged

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