NOHO, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in NOHO, Inc. stock price on Tuesday moving 33.33% between high and low
(Updated on Jun 25, 2024)
The NOHO, Inc. stock price fell by -25.00% on the last day (Tuesday, 25th Jun 2024) from $0.0008 to $0.0006. During the last trading day the stock fluctuated 33.33% from a day low at $0.0006 to a day high of $0.0008. The price has been going up and down for this period, and there has been a -33.33% loss for the last 2 weeks. Volume has increased on the last day by 11 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, 25 million shares were bought and sold for approximately $15.00 thousand.
Given the current short-term trend, the stock is expected to rise 63.56% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0027 at the end of this 3-month period.
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DRNK Signals & Forecast
There are few to no technical positive signals at the moment. The NOHO, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0008 and $0.0007. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -50.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). NOHO, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NOHO, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0005. 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 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 33.33%. For the last week, the stock has had daily average volatility of 18.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DRNK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect NOHO, Inc. to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0007, which gives a possible trading interval of +/-$0.0001 (+/-24.96%) up or down from last closing price. If NOHO, Inc. takes out the full calculated possible swing range there will be an estimated 49.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0007 (8.33%) than the support at $0.0005 (16.67%), 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?
The NOHO, Inc. stock holds several negative signals and despite the positive trend, we believe NOHO, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.463 Sell Candidate Downgraded
Predicted Opening Price for NOHO, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0007 ( 11.11%) | $0.0006 |
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 | |
|---|---|---|
| R3 | 0.0009 | 44.44% |
| R2 | 0.0008 | 31.71% |
| R1 | 0.0007 | 23.84% |
| Price | 0.0006 | |
| S1 | 0.0006 | -1.62% |
| S2 | 0.0005 | -9.49% |
| S3 | 0.0005 | -22.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0007 | 16.67% |
| R1 | 0.0007 | 8.33% |
| Price | 0.0006 | |
| S1 | 0.0005 | -16.67% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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