Harrys Manufacturing Inc. Stock Forecast
Harrys Manufacturing Inc. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
No changes to the price of Harrys Manufacturing Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0200 to a day high of $0.0200. The price has been going up and down for this period, and there has been a -33.33% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.85% during the next 3 months and, with a 90% probability hold a price between $0.0131 and $0.0233 at the end of this 3-month period.
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HARY.CN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Harrys Manufacturing 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 $0.0200 and $0.0253. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Harrys Manufacturing Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HARY.CN) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Harrys Manufacturing Inc. to open at $0.0200, and during the day (based on 14 day Average True Range), to move between $0.0184 and $0.0216, which gives a possible trading interval of +/-$0.0016 (+/-8.21%) up or down from last closing price. If Harrys Manufacturing Inc. takes out the full calculated possible swing range there will be an estimated 16.41% move between the lowest and the highest trading price during the day.
Is Harrys Manufacturing Inc. stock A Buy?
Harrys Manufacturing Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.489 Sell Candidate Upgraded
Predicted Opening Price for Harrys Manufacturing Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0200 ( 0%) | $0.0200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HARY.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0200 | . | |
| R2 | 0.0200 | . | ||
| R1 | 0.0200 | . | ||
| Current price: | 0.0200 | |||
| Support | S1 | 0.0200 | . | |
| S2 | 0.0200 | . | ||
| S3 | 0.0200 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0200 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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