HealthLynked Corp. Stock Forecast
Big movements in HealthLynked Corp. stock price on Thursday moving 12.97% between high and low
(Updated on May 02, 2024)
The HealthLynked Corp. stock price fell by -11.48% on the last day (Thursday, 2nd May 2024) from $0.0575 to $0.0509. During the last trading day the stock fluctuated 12.97% from a day low at $0.0509 to a day high of $0.0575. The price has risen in 5 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume has increased on the last day by 18 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, 30 thousand shares were bought and sold for approximately $1.51 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0498 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.18% during the next 3 months and, with a 90% probability hold a price between $0.0509 and $0.0656 at the end of this 3-month period.
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HLYK Signals & Forecast
There are few to no technical positive signals at the moment. The HealthLynked Corp. 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 $0.0561 and $0.0566. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -13.73%. 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). HealthLynked Corp. 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 HealthLynked Corp. stock
HealthLynked Corp. finds support from accumulated volume at $0.0500 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0066 between high and low, or 12.97%. For the last week, the stock has had daily average volatility of 15.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLYK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect HealthLynked Corp. to open at $0.0531, and during the day (based on 14 day Average True Range), to move between $0.0441 and $0.0577, which gives a possible trading interval of +/-$0.0068 (+/-13.36%) up or down from last closing price. If HealthLynked Corp. takes out the full calculated possible swing range there will be an estimated 26.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0500 (1.77%) than the resistance at $0.0550 (8.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HealthLynked Corp. stock A Buy?
The HealthLynked Corp. stock holds several negative signals and despite the positive trend, we believe HealthLynked Corp. 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 Buy to a Sell candidate.
Current score: -3.312 Sell Candidate Downgraded
Predicted Opening Price for HealthLynked Corp. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0531 ( 4.32%) | $0.0509 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLYK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0597 | 17.29 % | |
| R2 | 0.0572 | 12.34 % | ||
| R1 | 0.0556 | 9.28 % | ||
| Current price: | 0.0509 | |||
| Support | S1 | 0.0506 | -0.631 % | |
| S2 | 0.0490 | -3.69 % | ||
| S3 | 0.0465 | -8.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0630 | 23.77 % | |
| R2 | 0.0590 | 15.91 % | ||
| R1 | 0.0550 | 8.06 % | ||
| Current price | 0.0509 | |||
| Support | S1 | 0.0500 | -1.77% | |
| S2 | 0.0495 | -2.75% | ||
| S3 | 0.0490 | -3.73% |
FAQ
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