Humbl Inc Stock Forecast

Big movements in Humbl Inc stock price on Friday moving 14.29% between high and low
(Updated on May 10, 2024)

HMBL Signals & Forecast

The Humbl Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0008 and $0.0008. A breakdown below any of these levels will issue sell signals. 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 09, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Humbl Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0008 and $0.0007. 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, Humbl Inc finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0001 between high and low, or 14.29%. For the last week the stock has had daily average volatility of 14.29%.

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

Trading Expectations (HMBL) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Humbl Inc to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0009, which gives a possible trading interval of +/-$0.0001 (+/-12.95%) up or down from last closing price. If Humbl Inc takes out the full calculated possible swing range there will be an estimated 25.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0008 (5.00%) than the support at $0.0008 (6.25%), 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 Humbl Inc stock A Buy?

Humbl Inc 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 Hold/Accumulate to a Sell candidate.

Current score: -1.251 Sell Candidate Downgraded

Predicted Opening Price for Humbl Inc of Monday, May 13, 2024

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