Overview
The social network that is already being used by 1,000,000+ registered consumers of the cannabis industry is using its technical expertise to use blockchain technology to transform seed to sale tracking, cannabis sales, and so much more.
Massroots ledger tech. will be used to provide greater transparency. Reducing conflict between regulators and the market place. Allowing for an accurate accounting of times, quantities and locations of purchases. All while saving time, money and resources that will be valuable in boosting their point of sales systems.
Massroots is attempting to create a more efficient, trusting and friendly cannabis eco-system that will do away with third-party players. Lowering prices and creating a more enjoyable experience for the consumer. The cannabis blockchain distributed ledger that Massroots envisions will allow for a secure means of collecting, organizing and targeting consumers. Creating a system that can better serve their growing community.
Technicals
The Relative Strength Index or RSI lands on a scale from 0 to 100. Normal range lands between 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.
After a recent check, the 14-day RSI is currently at 37.85, the 7-day stands at 33.62, and the 3-day is sitting at 30.67 for MSRT.
The Average Directional Index or ADX can help determine how strong a trend is. Normally a reading below 20 indicates no trend, 20-25 indicates no clear trend and over 25 would indicate a strong trend.
At the time of writing, the 14-day ADX for Massroots Inc (MSRT) is standing at 18.98.
Investors use the 200, 50 and 20-day Moving Average to get a clearer picture of short and long term trends. An increasing price average over time may indicate an upward trend.
Currently the 200-day MA is sitting at 0.41 and the 50-day MA is sitting at 0.47, possibly indicating an uptrend in the equity.
All stock recommendations and comments are the opinion of writer.
At the time of this writing Crispier-Bacon is not holding any positions in the aforementioned equities.