E-Home Household Service Holdings Ltd 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
Weaker technical forecast for E-Home Household Service Holdings Ltd as stock downgraded to Strong Sell Candidate.
(Updated on May 03, 2024)
The E-Home Household Service Holdings Ltd stock price gained 2.67% on the last trading day (Friday, 3rd May 2024), rising from $0.415 to $0.426. During the last trading day the stock fluctuated 5.84% from a day low at $0.411 to a day high of $0.435. The price has fallen in 9 of the last 10 days and is down by -86.41% for this period. Volume fell on the last day by -463 thousand shares and in total, 876 thousand shares were bought and sold for approximately $373.48 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 37.78% during the next 3 months and, with a 90% probability hold a price between $0.587 and $4.52 at the end of this 3-month period.
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EJH Signals & Forecast
There are few to no technical positive signals at the moment. The E-Home Household Service Holdings Ltd 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 $0.501 and $1.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -86.41%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for E-Home Household Service Holdings Ltd stock
E-Home Household Service Holdings Ltd finds support from accumulated volume at $0.424 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0240 between high and low, or 5.84%. For the last week the stock has had daily average volatility of 13.30%.
E-Home Household Service Holdings Ltd is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EJH) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect E-Home Household Service Holdings Limited to open at $0.424, and during the day (based on 14 day Average True Range), to move between $0.111 and $0.741, which gives a possible trading interval of +/-$0.315 (+/-73.89%) up or down from last closing price. If E-Home Household Service Holdings Limited takes out the full calculated possible swing range there will be an estimated 147.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.424 (0.45%) than the resistance at $0.435 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is E-Home Household Service Holdings Limited stock A Buy?
The E-Home Household Service Holdings Ltd stock holds several negative signals and despite the positive trend, we believe E-Home Household Service Holdings Ltd 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 Sell to a Strong Sell candidate.
Current score: -7.156 Strong Sell Candidate Downgraded
Predicted Opening Price for E-Home Household Service Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.424 ( 0.501%) | $0.426 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EJH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.448 | 5.13 % | |
| R2 | 0.439 | 2.98 % | ||
| R1 | 0.433 | 1.65 % | ||
| Current price: | 0.426 | |||
| Support | S1 | 0.415 | -2.65 % | |
| S2 | 0.409 | -3.98 % | ||
| S3 | 0.400 | -6.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.531 | 24.59 % | |
| R2 | 0.526 | 23.51 % | ||
| R1 | 0.435 | 2.04 % | ||
| Current price | 0.426 | |||
| Support | S1 | 0.424 | -0.446% | |
| S2 | 0.421 | -1.17% | ||
| S3 | 0.415 | -2.60% |
FAQ
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