The trend spotter opinion is currently ‘Sell’ on shares of mCig, Inc. (OTC:$MCIG). The trend spotter also indicates that the current strength signal is ‘Minimum’ and that in terms of direction, the stock is ‘Weakest’.

In regards to the short term indicators, we can take a look at the stock’s 20 day moving average, which indicates ‘Buy’. However, the stock is also receiving ‘Sell’ signals from MACD Oscillator. The MACD is often also used to identify bearish or bullish movements.

We can also take a look at the Bollinger Band signal. This indicator can be used on short term stock numbers to determine if a stock is in overbought or oversold territory. As well, it can be used to confirm divergences between prices and indicators and help to predict future price targets. mCig currently has a ‘Hold’ rating on the 20 day Bollinger Band scale.

The Bollinger Band scale is a popular way to look at price channels that are just below or above price. The stock’s price volatility determines the outer bands, which fluctuate with price and trends strongly. The bands also contract during sideways consolidations and low momentum trends.

Their current 1 month Moving Average is $0.1769. The moving average can be used as a primary trading tool or a back up. The moving averages are useful for identifying peaks and valleys, and are often used by investors to locate entry or exit points. A price moving below or above a moving average could indicate a possible shift towards the respective direction. The stock also has a 3 month Moving Average of $0.21 and a 6 month Moving Average of $0.2119.

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