Hiru Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Hiru Corporation stock price on Thursday which ended trading at $0.0006
(Updated on May 23, 2024)
No changes to the price of Hiru Corporation stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 16.67% from a day low at $0.0006 to a day high of $0.0007. The price has fallen in 4 of the last 10 days but is still up by 20% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.91% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0006 at the end of this 3-month period.
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HIRU Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. The Hiru Corporation 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 $0.0006 and $0.0006. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found.
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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 15.33%.
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 Friday 24th
For the upcoming trading day on Friday, 24th we expect Hiru Corporation to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0007, which gives a possible trading interval of +/-$0.0001 (+/-21.27%) up or down from last closing price. If Hiru Corporation takes out the full calculated possible swing range there will be an estimated 42.54% 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.123 Strong Sell Candidate Unchanged
Predicted Opening Price for Hiru Corporation of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0006 ( 5.56%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIRU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | 22.22 % | |
| R2 | 0.0007 | 15.86 % | ||
| R1 | 0.0007 | 11.92 % | ||
| Current price: | 0.0006 | |||
| Support | S1 | 0.0006 | -0.81 % | |
| S2 | 0.0006 | -4.74 % | ||
| S3 | 0.0005 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | 18.33 % | |
| R2 | 0.0007 | 16.67 % | ||
| R1 | 0.0007 | 8.33 % | ||
| Current price | 0.0006 | |||
| Support | S1 | 0.0006 | -8.33% | |
| S2 | 0.0005 | -16.67% | ||
| S3 | 0 | . |
FAQ
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