Big movements in Jupiter Wellness, Inc. stock price on Wednesday moving 13.47% between high and low

The Jupiter Wellness, Inc. stock price gained 8.79% on the last trading day (Wednesday, 14th Sep 2022), rising from $0.91 to $0.99. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 13.47% from a day low at $0.89 to a day high of $1.01. The price has risen in 8 of the last 10 days and is up by 27.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 thousand more shares were traded than the day before. In total, 320 thousand shares were bought and sold for approximately $316.35 thousand.

The stock has broken the very wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.94, a level that may pose a second chance to hit a runner. According to fan-theory $1.24 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Mostly positive signals in the chart today. The Jupiter Wellness, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.83 and $0.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, September 08, 2022, and so far it has risen 36.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Jupiter Wellness, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

On the downside, the stock finds support just below today's level from accumulated volume at $0.81 and $0.80.There is a 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, Jupiter Wellness, Inc. finds support just below today's level at $0.81. If this is broken, then the next support from accumulated volume will be at $0.80 and $0.78.

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 $0.12 between high and low, or 13.47%. For the last week, the stock has had daily average volatility of 15.64%.

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Jupiter Wellness, Inc. stock to perform well in the short-term period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.