Hannover House, Inc. Stock Forecast
Hannover House, Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Hannover House, Inc. stock price fell by -4.23% on the last day (Friday, 17th May 2024) from $0.0071 to $0.0068. During the last trading day the stock fluctuated 0% from a day low at $0.0068 to a day high of $0.0068. The price has been going up and down for this period, and there has been a -1.45% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 27 thousand shares were bought and sold for approximately $183.60 .
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.44% during the next 3 months and, with a 90% probability hold a price between $0.0056 and $0.0106 at the end of this 3-month period.
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HHSE Signals & Forecast
There are few to no technical positive signals at the moment. The Hannover House, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0073 and $0.0071. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -20.00%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 68.07% to $0.0114 within 14 trading days since signal was issued (Monday, May 20, 2024).
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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HHSE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hannover House, Inc. to open at $0.0068, and during the day (based on 14 day Average True Range), to move between $0.0056 and $0.0080, which gives a possible trading interval of +/-$0.0012 (+/-17.24%) up or down from last closing price. If Hannover House, Inc. takes out the full calculated possible swing range there will be an estimated 34.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0073 (7.35%) than the support at $0.0062 (9.12%), 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?
The Hannover House, Inc. stock holds several negative signals and despite the positive trend, we believe Hannover House, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.706 Sell Candidate Downgraded
Predicted Opening Price for Hannover House, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0068 ( 0%) | $0.0068 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HHSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0068 | . | |
| R2 | 0.0068 | . | ||
| R1 | 0.0068 | . | ||
| Current price: | 0.0068 | |||
| Support | S1 | 0.0068 | . | |
| S2 | 0.0068 | . | ||
| S3 | 0.0068 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0084 | 24.12 % | |
| R2 | 0.0074 | 8.82 % | ||
| R1 | 0.0073 | 7.35 % | ||
| Current price | 0.0068 | |||
| Support | S1 | 0.0062 | -9.12% | |
| S2 | 0.0060 | -11.76% | ||
| S3 | 0.0057 | -16.91% |
FAQ
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