Graph Blockchain Stock: The absolute bang! ()

As of December 6, 2022, 8:27 p.m., Graph Blockchain stock was listed at CAD 0.03 on the Canadian Sec home exchange. Graph Blockchain belongs to the “Application Software” segment.

Our analysts rated Graph Blockchain based on 4 criteria. Each criterion defines a “buy”, “hold” or “sell” rating. The overall assessment results from the individual results of this analysis.

1. Technical Analysis: The average closing price of Graph Blockchain stock for the past 200 trading days is currently CA$0.15. The last closing price (0.03 CAD) deviates by -80%, which corresponds to a “sell” rating from a technical point of view. Let’s look at the average of the last 50 trading days. For this one (0.08 CAD), the last close is also lower than the moving average (-62.5% difference). The Graph Blockchain stock therefore also receives a “Sell” rating on this short-term basis. The bottom line is that the Graph Blockchain share receives a “sell” rating for the single chart technique.

2. Relative Strength Index: In order to assess whether a security is currently “overbought” or “oversold”, upward and downward movements can be compared over time. This provides what is known as the Relative Strength Index (RSI), a technical analysis indicator that is often used in the financial market. We now evaluate Graph Blockchain using the shorter term RSI for the last 7 days and the slightly longer term RSI on a 25 day basis. First, the 7-day RSI, which is currently at 80 points, which means that Graph Blockchain stock is overbought. As a result, it receives a “sell” rating. Moving on to RSI25: Unlike RSI7, Graph Blockchain is neither overbought nor oversold here. Security is therefore rated “Hold” for the RSI25. This gives Graph Blockchain a “Sell” rating for this point in our analysis.

3. Investors: In addition to determining factors such as balance sheet data, stock prices can also be assessed using soft factors such as sentiment. Our analysts reviewed Graph Blockchain on social platforms and measured that the comments or findings were mostly positive. However, social media users around Graph Blockchain have mostly discussed neutral topics in recent days. This means that the stock receives a “Buy” rating for this analysis. The editorial team came to the conclusion that Graph Blockchain should be ranked as “Buy” in terms of sentiment.