Haydale Graphene Industries plc Stock Forecast

Volatile ride for Haydale Graphene Industries plc stock price on Friday moving between $0.0052 and $0.0082
(Updated on May 03, 2024)

HDGHF Signals & Forecast

There are few to no technical positive signals at the moment. The Haydale Graphene Industries plc 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 $0.0059 and $0.0064. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -29.73%. 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). Haydale Graphene Industries plc 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 Haydale Graphene Industries plc stock

Haydale Graphene Industries plc finds support from accumulated volume at $0.0050 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 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 $0.0030 between high and low, or 57.69%. For the last week, the stock has had daily average volatility of 17.62%.

Our recommended stop-loss: $0.0049 (-5.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (HDGHF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Haydale Graphene Industries plc to open at $0.0062, and during the day (based on 14 day Average True Range), to move between $0.0043 and $0.0061, which gives a possible trading interval of +/-$0.0009 (+/-17.29%) up or down from last closing price. If Haydale Graphene Industries plc takes out the full calculated possible swing range there will be an estimated 34.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0050 (3.85%) than the resistance at $0.0058 (11.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Haydale Graphene Industries plc stock A Buy?

Haydale Graphene Industries plc 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 Haydale Graphene Industries plc of Monday, May 6, 2024

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