NOHO, Inc. Stock Forecast
Volatile ride for NOHO, Inc. stock price on Friday moving between $0.0004 and $0.0005
(Updated on May 17, 2024)
No changes to the price of NOHO, Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 25.00% from a day low at $0.0004 to a day high of $0.0005. The price has been going up and down for this period, and there has been a -28.57% loss for the last 2 weeks.
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 $0.0004 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 91.02% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0027 at the end of this 3-month period.
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DRNK Signals & Forecast
Mostly positive signals in the chart today. Some may claim that when the sun shines too bright there is rain ahead, but you should always take into consideration the time of the year.
Support, Risk & Stop-loss for NOHO, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 45.24%.
Our recommended stop-loss: $0.0005 (-5.59%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (DRNK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NOHO, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0007, which gives a possible trading interval of +/-$0.0002 (+/-34.47%) up or down from last closing price. If NOHO, Inc. takes out the full calculated possible swing range there will be an estimated 68.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0006 (20.00%) than the support at $0.0004 (20.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NOHO, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.839 Buy Candidate Unchanged
Predicted Opening Price for NOHO, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0005 ( 6.67%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRNK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0006 | 13.33 % | |
| R2 | 0.0005 | 5.69 % | ||
| R1 | 0.0005 | 0.97 % | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0004 | -14.31 % | |
| S2 | 0.0004 | -19.03 % | ||
| S3 | 0.0004 | -26.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0006 | 20.00 % | ||
| Current price | 0.0005 | |||
| Support | S1 | 0.0004 | -20.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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