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Big movements in Healthier Choices Management Corp stock price on Thursday moving 25.00% between high and low

StockInvest.us, 5 months ago


The Healthier Choices Management Corp stock price fell by -6.67% on the last day (Thursday, 27th May 2021) from $0.0015 to $0.0014. During the day the stock fluctuated 25.00% from a day low at $0.0012 to a day high of $0.0015. The price has been going up and down for this period, and there has been a -22.22% loss for the last 2 weeks. Volume has increased on the last day by 2 billion shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 billion shares were bought and sold for approximately $4.61 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0012 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 16.8% during the next 3 months and, with a 90% probability hold a price between $0.0014 and $0.0029 at the end of this 3-month period.

Healthier Choices Management Corp

There are few to no technical positive signals at the moment. The Healthier Choices Management Corp 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 $0.0015 and $0.0017. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 03, 2021, and so far it has fallen -41.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

On the downside, the stock finds support just below today's level from accumulated volume at $0.0013 and $0.0012.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Healthier Choices Management Corp finds support just below today's level at $0.0013. If this is broken, then the next support from accumulated volume will be at $0.0012 and $0.0011.

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 $0.0003 between high and low, or 25.00%. For the last week, the stock has had a daily average volatility of 13.29%.

The Healthier Choices Management Corp stock holds several negative signals and despite the positive trend, we believe Healthier Choices Management Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell Candidate candidate.

Check full Healthier Choices Management Corp forecast and analysis here.