VIDEO: Technical Analysis of The Green Organic Dutchman
Watch Stephen Goldman as he evaluates The Green Organic Dutchman (TGOD) using the triple SMA to find golden crosses (buy opportunities), RSI, and MACD to find if and when to buy and when to sell this pot stock. This one doubled and we taught you how to predict it. Trading is easy. Trading is fun. Use this technical analysis to determine if TGOD pot stock has any chance of a buy in the coming days. See more our Technical Analysis page for more information on other great marijuana and hemp stock trading opportunities. Read on to see what technical indicators we use and what they mean.
Is TGOD a Strong Buy?
Why use Multiple Technical Indicators when Evaluating Stocks?
If you’re only using a single indicator to evaluate whether you should buy or sell marijuana and hemp stocks you may be missing important price trends. Any trade made based on one indicator alone may have a higher likelihood of not performing as intended. At Cannin, we like to combine multiple technical indicators into a single strategy to help limit risk while still earning strong returns investing in marijuana and hemp stocks. In fact, we’ve combined and packaged our machine learning software for this purpose. Get your free month now.
Technical Analysis of TGOD: What is an SMA?
A Simple Moving Average (SMA) is a technical indicator which is used to calculate the average of a selected range of prices, typically closing prices, by the total number of periods in a given range. The SMA is a technical indicator that can help hemp stock investors determine if an asset price will either continue or reverse a bull or bear trend.
Technical Analysis of TGOD: What is an RSI?
The Relative Strength Index or RSI is intended to map out the current and historical strength or weakness of a marijuana stock based on the closing prices within a recent trading period. The RSI indicator should not be confused with relative strength. The RSI calculates momentum as the ratio of higher closes to lower closes and is most typically used on a 14-day timeframe, measured on a scale from 0 to 100. Scores of 70 and above are considered ‘high’ while scores of 30 and below are considered ‘low’. Scores approaching the “extremes” (80-90 or 20 to 0) occur less frequently but indicate stronger momentum.
Technical Analysis of TGOD: What is MACD?
The Moving Average Convergence/Divergence (MACD) indicator is a combination series calculated from historical closing price data. These series include the “average” series and the “divergence” series. The divergence series is the difference between the two. The MACD series is the difference between a short-period exponential moving average (EMA), and a longer period EMA of the price series. The average series is a combination of the EMA of the MACD.
Before you buy your next marijuana or hemp stock, make sure you are evaluating multiple indicators to see whether there is a solid BUY or SELL opportunity.
About Cannin: Your Marijuana Investment Experts
Cannin.com is your #1 resource for marijuana stock and hemp stock investment opportunities. Our global team of experts evaluates emerging marijuana stock and hemp stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best hemp stock investments for 2020. We provide the latest hemp stock investment news and analysis.
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