Hannover House, Inc. Stock Forecast

Big movements in Hannover House, Inc. stock price on Monday moving 70.00% between high and low
(Updated on May 06, 2024)

HHSE Signals & Forecast

Mostly positive signals in the chart today. The Hannover House, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0082. On a fall, the stock will find some support from the long-term average at approximately $0.0069. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 48.00%. 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). Hannover House, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hannover House, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0062 and $0.0060. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hannover House, Inc. finds support just below today's level at $0.0062. If this is broken, then the next support from accumulated volume will be at $0.0060 and $0.0057.

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 $0.0035 between high and low, or 70.00%. For the last week, the stock has had daily average volatility of 27.45%.

Our recommended stop-loss: $0.0071 (-3.96%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (HHSE) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Hannover House, Inc. to open at $0.0070, and during the day (based on 14 day Average True Range), to move between $0.0061 and $0.0087, which gives a possible trading interval of +/-$0.0013 (+/-17.58%) up or down from last closing price. If Hannover House, Inc. takes out the full calculated possible swing range there will be an estimated 35.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0075 (1.35%) than the support at $0.0062 (16.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Hannover House, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hannover House, Inc. stock to perform well in the short-term.

Current score: 3.538 Buy Candidate Unchanged

Predicted Opening Price for Hannover House, Inc. of Tuesday, May 7, 2024

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