Which way will HEXO go? Oct 30 Nov 13 Nov 30 Dec 14 Dec 29 Jan 13 Jan 28 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 7.21 Analyst RatingsLast 30 days Stop-loss:$6.06 (-4.64%) Price TargetJanuary 26, 2021 1 Low Average High $13.77 $13.77 $13.77 Key Stats Beta 0.97
Oct 30 Nov 6 Nov 13 Nov 20 Nov 30 Dec 7 Dec 14 Dec 21 Dec 29 Jan 6 Jan 13 Jan 21 Jan 28 65 84 90 46 33 75 20 RSI: 14 = 68 * StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ]
RSI14 is 68 and the stock is currently not being overbought or oversold HEXO Corp. stock upgraded to Buy Candidate. (Updated on January 29, 2021)
Buy or Hold candidate since 2021-01-04 Gain 58.75% PDF
The HEXO Corp. stock price fell by -2.61% on the last day (Friday, 29th Jan 2021) from $6.52 to $6.35. During the day the stock fluctuated 7.80% from a day low at $6.28 to a day high of $6.77. The price has fallen in 7 of the last 10 days and is down by -10.94% for this period. Volume has increased on the last day by 673 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $33.35 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 105.37% during the next 3 months and, with a 90% probability hold a price between $10.12 and $16.02 at the end of this 3-month period.
Signals & Forecast
The HEXO Corp. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $6.50. On a fall, the stock will find some support from the long-term average at approximately $5.08.
A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, January 15, 2021, and so far it has fallen -11.93%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
HEXO Corp. finds support from accumulated volume at $6.27 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 a day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.49 between high and low, or 7.80%. For the last week, the stock has had a daily average volatility of 9.65%.
Our recommended stop-loss: $6.06 (-4.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 day(s) ago.)
Is HEXO Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for HEXO Corp. 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 candidate.
Current score: 2.034
Predicted Opening Price for HEXO Corp. of Monday, February 1, 2021 The predicted opening price is based on yesterday's movements between high, low, and the closing price.
Fair opening price February 1, 2021 Current price $6.47 $6.35 (Undervalued) Analyst Ratings Stifel Nicolaus is very positive to HEXO and gave it a "Buy" rating on January 26, 2021. The price target was set to $13.77. Over the last 30 days, this security got 1 buy, 0 sell and 0 hold ratings.
Volatility 9.65 % Daily Average Volatility Overall Risk Very High High Medium Low Very Low
Support & Resistance Resistance: $6.62 Price: $6.35 Support: $6.27
