Volatile ride for Helbiz, Inc. stock price on Monday moving between $0.260 and $0.333

The Helbiz, Inc. stock price gained 16.09% on the last trading day (Monday, 28th Nov 2022), rising from $0.230 to $0.267. 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 28.18% from a day low at $0.260 to a day high of $0.333. The price has been going up and down for this period, and there has been a 21.81% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 million more shares were traded than the day before. In total, 127 million shares were bought and sold for approximately $33.94 million.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.203, a level that may pose a second chance to hit a runner. According to fan-theory $0.406 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 Helbiz, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.201 and $0.249. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 09, 2022, and so far it has risen 58.93%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $0.238 and $0.230.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, Helbiz, Inc. finds support just below today's level at $0.238. If this is broken, then the next support from accumulated volume will be at $0.230 and $0.223.

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 $0.0733 between high and low, or 28.18%. For the last week, the stock has had daily average volatility of 29.38%.

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.