NOHO, Inc. Stock Forecast

High volatility in NOHO, Inc. stock price on Friday which ended trading at $0.0008
(Updated on May 31, 2024)

DRNK Signals & Forecast

The NOHO, 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 $0.0006 and $0.0006. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). NOHO, 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -33.33%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for NOHO, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0008 and $0.0007. 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, NOHO, Inc. finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.

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 35.71%. For the last week, the stock has had daily average volatility of 34.50%.

Our recommended stop-loss: $0.0008 (-5.50%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 62 days ago.)

Trading Expectations (DRNK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect NOHO, Inc. to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0010, which gives a possible trading interval of +/-$0.0002 (+/-22.18%) up or down from last closing price. If NOHO, Inc. takes out the full calculated possible swing range there will be an estimated 44.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0008 (6.25%) than the resistance at $0.0009 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NOHO, Inc. stock A Buy?

NOHO, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.200 Strong Buy Candidate Upgraded

Predicted Opening Price for NOHO, Inc. of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.