HydroGraph Clean Power Inc. Stock Forecast

Volatile ride for HydroGraph Clean Power Inc. stock price on Friday moving between $0.138 and $0.155
(Updated on May 17, 2024)

HGCPF Signals & Forecast

The HydroGraph Clean Power Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.126 and $0.0906. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 83.75%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.

Support, Risk & Stop-loss for HydroGraph Clean Power Inc. stock

HydroGraph Clean Power Inc. finds support from accumulated volume at $0.140 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0172 between high and low, or 12.48%. For the last week the stock has had daily average volatility of 10.25%.

The HydroGraph Clean Power Inc. stock is extremely overbought on RSI14 (96). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $0.143 (-2.58%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

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

For the upcoming trading day on Monday, 20th we expect HydroGraph Clean Power Inc. to open at $0.147, and during the day (based on 14 day Average True Range), to move between $0.137 and $0.157, which gives a possible trading interval of +/-$0.0102 (+/-6.93%) up or down from last closing price. If HydroGraph Clean Power Inc. takes out the full calculated possible swing range there will be an estimated 13.86% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.140, some $0.0070 (4.76%) from the current price of $0.147, our system finds the risk reward attractive.

Is HydroGraph Clean Power Inc. stock A Buy?

HydroGraph Clean Power Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 HydroGraph Clean Power Inc. of Monday, May 20, 2024

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