HEMP 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
Big movements in HEMP stock price on Tuesday moving 900.00% between high and low
(Updated on Apr 30, 2024)
No changes to the price of HEMP stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 900.00% from a day low at $0.000001 to a day high of $0.00001. The price has been going up and down for this period, and there has been a -98% 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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HEMP Signals & Forecast
There are mixed signals in the stock today. The HEMP 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 $0.00000171 and $0.00004783. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HEMP 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 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 $0.000009 between high and low, or 900.00%. For the last week, the stock has had daily average volatility of 280.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HEMP) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect HEMP, INC. to open at $0.000004, and during the day (based on 14 day Average True Range), to move between -$0.00004160 and $0.00004360, which gives a possible trading interval of +/-$0.00004260 (+/-4 259.62%) up or down from last closing price. If HEMP, INC. takes out the full calculated possible swing range there will be an estimated 8 519.23% move between the lowest and the highest trading price during the day.
Is HEMP, INC. stock A Buy?
HEMP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -6.148 Strong Sell Candidate Unchanged
Predicted Opening Price for HEMP, INC. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.000004 ( 300.00%) | $0.000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.000013 | 1,200.00 % | |
| R2 | 0.00000956 | 856.20 % | ||
| R1 | 0.00000744 | 643.80 % | ||
| Current price: | 0.000001 | |||
| Support | S1 | 0.00000056 | -43.80 % | |
| S2 | -0.00000156 | -256.20 % | ||
| S3 | -0.000005 | -600.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.000001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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