E-Home Household Service Holdings Ltd Stock Forecast

Volatile ride for E-Home Household Service Holdings Ltd stock price on Thursday moving between $0.396 and $0.445
(Updated on May 02, 2024)

EJH Signals & Forecast

There are few to no technical positive signals at the moment. The E-Home Household Service Holdings Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.86 and $1.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -86.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). E-Home Household Service Holdings Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for E-Home Household Service Holdings Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the 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 $0.0490 between high and low, or 12.37%. For the last week, the stock has had daily average volatility of 19.98%.

E-Home Household Service Holdings Ltd is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EJH) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect E-Home Household Service Holdings Limited to open at $0.419, and during the day (based on 14 day Average True Range), to move between $0.0778 and $0.752, which gives a possible trading interval of +/-$0.337 (+/-81.26%) up or down from last closing price. If E-Home Household Service Holdings Limited takes out the full calculated possible swing range there will be an estimated 162.51% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.421, some $0.0061 (1.47%) from the current price of $0.415, our system finds the risk reward not very attractive.

Is E-Home Household Service Holdings Limited stock A Buy?

The E-Home Household Service Holdings Ltd stock holds several negative signals and despite the positive trend, we believe E-Home Household Service Holdings Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.656 Sell Candidate Unchanged

Predicted Opening Price for E-Home Household Service Holdings Limited of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.