Homeros USD 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
Homeros USD stock price down 2.13% on Friday
(Updated on Jun 28, 2024)
The Homeros USD stock price fell by -2.13% on the last day (Friday, 28th Jun 2024) from $0.0047 to $0.0046. During the last trading day the stock fluctuated 3.27% from a day low at $0.0046 to a day high of $0.0047. The price has been going up and down for this period, and there has been a -6.49% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 shares and in total, 116 shares were bought and sold for approximately $0.528 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0040 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.83% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0165 at the end of this 3-month period.
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HMRUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Homeros USD 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 $0.0047 and $0.0050. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -73.55%. 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. The stock had a Golden Star Signal on Saturday, August 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Saturday, August 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Homeros USD stock
Homeros USD finds support from accumulated volume at $0.0045 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, 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 3.27%. For the last week the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HMRUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Homeros USD to open at $0.0046, and during the day (based on 14 day Average True Range), to move between $0.0043 and $0.0048, which gives a possible trading interval of +/-$0.0002 (+/-5.21%) up or down from last closing price. If Homeros USD takes out the full calculated possible swing range there will be an estimated 10.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0045 (1.25%) than the resistance at $0.0049 (6.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Homeros USD stock A Buy?
Homeros USD 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: -2.989 Sell Candidate Unchanged
Predicted Opening Price for Homeros USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0046 ( 1.08%) | $0.0046 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0048 | 4.35% |
| R2 | 0.0047 | 3.10% |
| R1 | 0.0047 | 2.32% |
| Price | 0.0046 | |
| S1 | 0.0045 | -0.174% |
| S2 | 0.0045 | -0.95% |
| S3 | 0.0045 | -2.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0053 | 15.56% |
| R2 | 0.0052 | 14.99% |
| R1 | 0.0049 | 6.94% |
| Price | 0.0046 | |
| S1 | 0.0045 | -1.25% |
| S2 | 0.0045 | -1.32% |
| S3 | 0.0043 | -5.33% |
FAQ
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