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High volatility in Healthier Choices Management Corp stock price on Friday which ended trading at $0.0013

StockInvest.us, 4 months ago

StockInvest.us

The Healthier Choices Management Corp stock price fell by -7.14% on the last day (Friday, 28th May 2021) from $0.0014 to $0.0013. and has now fallen 3 days in a row. During the day the stock fluctuated 16.67% from a day low at $0.0012 to a day high of $0.0014. The price has fallen in 5 of the last 10 days and is down by -27.78% for this period. Volume has increased on the last day by 76 million 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 $4.38 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 15.12% 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 -45.83%. 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.

Healthier Choices Management Corp finds support from accumulated volume at $0.0013 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0002 between high and low, or 16.67%. For the last week, the stock has had a daily average volatility of 15.29%.

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.

Check full Healthier Choices Management Corp forecast and analysis here.