Hiru Corporation Stock Forecast

Volatile ride for Hiru Corporation stock price on Friday moving between $0.0006 and $0.0008
(Updated on May 03, 2024)

HIRU Signals & Forecast

The Hiru Corporation 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 $0.0006. On a fall, the stock will find some support from the long-term average at approximately $0.0006. 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. 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 Thursday, May 02, 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.

Support, Risk & Stop-loss for Hiru Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0005 may give a huge drop in the stock price.

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 $0.0002 between high and low, or 33.33%. For the last week the stock has had daily average volatility of 21.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HIRU) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Hiru Corporation to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0008, which gives a possible trading interval of +/-$0.0002 (+/-25.41%) up or down from last closing price. If Hiru Corporation takes out the full calculated possible swing range there will be an estimated 50.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0006 (8.33%) than the resistance at $0.0007 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hiru Corporation stock A Buy?

Hiru Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.028 Sell Candidate Downgraded

Predicted Opening Price for Hiru Corporation of Monday, May 6, 2024

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