Healthcare Integrated Technologies, Inc. Stock Forecast
Healthcare Integrated Technologies, Inc. stock price took a fall of -9.17% on Friday
(Updated on Jun 28, 2024)
The Healthcare Integrated Technologies, Inc. stock price fell by -9.17% on the last day (Friday, 28th Jun 2024) from $0.120 to $0.109. During the last trading day the stock fluctuated 0% from a day low at $0.109 to a day high of $0.109. The price has risen in 4 of the last 10 days and is up by 8.89% over the past 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately $1.09 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Healthcare Integrated Technologies, Inc. stock with a 90% probability to be traded between $0.0900 and $0.126 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HITC Signals & Forecast
There are few to no technical positive signals at the moment. The Healthcare Integrated Technologies, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.111 and $0.115. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -9.17%. 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). Healthcare Integrated Technologies, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Healthcare Integrated Technologies, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.100 and $0.0999. 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, Healthcare Integrated Technologies, Inc. finds support just below today's level at $0.100. If this is broken, then the next support from accumulated volume will be at $0.0999 and $0.0911.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. 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 6.34%.
Our recommended stop-loss: $0.103 (-5.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (HITC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Healthcare Integrated Technologies, Inc. to open at $0.109, and during the day (based on 14 day Average True Range), to move between $0.0948 and $0.123, which gives a possible trading interval of +/-$0.0142 (+/-13.05%) up or down from last closing price. If Healthcare Integrated Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 26.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.110 (0.92%) than the support at $0.100 (8.26%), 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 Healthcare Integrated Technologies, Inc. stock A Buy?
Healthcare Integrated Technologies, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Healthcare Integrated Technologies, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.109 ( 0%) | $0.109 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HITC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.109 | - |
R2 | 0.109 | - |
R1 | 0.109 | - |
Price | 0.109 | |
S1 | 0.109 | - |
S2 | 0.109 | - |
S3 | 0.109 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.125 | 14.77% |
R2 | 0.120 | 10.09% |
R1 | 0.110 | 0.92% |
Price | 0.109 | |
S1 | 0.100 | -8.26% |
S2 | 0.0999 | -8.35% |
S3 | 0.0911 | -16.42% |
FAQ
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