EQ Energy Drink, Inc. Stock Forecast

EQ Energy Drink, Inc. stock price took a fall of -25.00% on Friday
(Updated on May 17, 2024)

EQLB Signals & Forecast

There are few to no technical positive signals at the moment. The EQ Energy Drink, Inc. 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 $0.0008 and $0.0009. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -40.00%. 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). EQ Energy Drink, 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.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for EQ Energy Drink, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0005 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

EQ Energy Drink, Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.0006 (-5.60%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (EQLB) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect EQ Energy Drink, Inc. to open at $0.0006, 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 +/-$0.00006810 (+/-11.35%) up or down from last closing price. If EQ Energy Drink, Inc. takes out the full calculated possible swing range there will be an estimated 22.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0006 (8.33%) than the resistance at $0.0007 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is EQ Energy Drink, Inc. stock A Buy?

EQ Energy Drink, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for EQ Energy Drink, Inc. of Monday, May 20, 2024

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