Healthier Choices Management Stock Forecast
High volatility in Healthier Choices Management stock price on Wednesday which ended trading at $0.0001
(Updated on Mar 27, 2024)
The Healthier Choices Management stock price gained 100.00% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.00005 to $0.0001. During the last trading day the stock fluctuated 9,900.00% from a day low at $0.000001 to a day high of $0.0001. The price has risen in 4 of the last 10 days and is up by 100% over the past 2 weeks. Volume fell on the last day by -10 million shares and in total, 75 million shares were bought and sold for approximately $7.54 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.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0001 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.69% during the next 3 months and, with a 90% probability hold a price between $0.00000116 and $0.0001 at the end of this 3-month period.
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HCMC Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen 0%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Healthier Choices Management stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.00002914 and $0.000032. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Healthier Choices Management 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.
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 $0.000099 between high and low, or 9,900.00%. For the last week the stock has had daily average volatility of 9,900.00%.
Our recommended stop-loss: $0.00009666 (-3.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (HCMC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Healthier Choices Management Corp to open at $0.000067, and during the day (based on 14 day Average True Range), to move between $0.00000249 and $0.0002, which gives a possible trading interval of +/-$0.00009751 (+/-97.51%) up or down from last closing price. If Healthier Choices Management Corp takes out the full calculated possible swing range there will be an estimated 195.02% move between the lowest and the highest trading price during the day.
Is Healthier Choices Management Corp stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.147 Buy Candidate Upgraded
Predicted Opening Price for Healthier Choices Management Corp of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.000067 ( 33.00%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCMC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0002 | 66.00 % | |
R2 | 0.0001 | 28.18 % | ||
R1 | 0.0001 | 4.82 % | ||
Current price: | 0.0001 | |||
Support | S1 | 0.00002918 | -70.82 % | |
S2 | 0.00000582 | -94.18 % | ||
S3 | -0.000032 | -132.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0001 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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