Hannover House, Inc. Stock Forecast

Volatile ride for Hannover House, Inc. stock price on Tuesday moving between $0.0060 and $0.0070
(Updated on Jul 02, 2024)

HHSE Signals & Forecast

The Hannover House, Inc. 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 $0.0065 and $0.0067. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -18.60%. Further fall is indicated until a new bottom pivot has been found.

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

Hannover House, Inc. finds support from accumulated volume at $0.0069 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 $0.0010 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 3.33%.

Our recommended stop-loss: $0.0066 (-5.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (HHSE) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Hannover House, Inc. to open at $0.0067, and during the day (based on 14 day Average True Range), to move between $0.0064 and $0.0076, which gives a possible trading interval of +/-$0.0006 (+/-8.83%) up or down from last closing price. If Hannover House, Inc. takes out the full calculated possible swing range there will be an estimated 17.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0069 (1.43%) than the resistance at $0.0073 (4.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hannover House, Inc. stock A Buy?

Hannover House, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Hannover House, Inc. of Wednesday, July 3, 2024

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