Hall of Fame Village, LLC Stock Forecast
Hall of Fame Village, LLC stock price took a fall of -8.25% on Monday
(Updated on May 20, 2024)
The Hall of Fame Village, LLC stock price fell by -8.25% on the last day (Monday, 20th May 2024) from $0.0097 to $0.0089. During the last trading day the stock fluctuated 2.30% from a day low at $0.0087 to a day high of $0.0089. The price has risen in 6 of the last 10 days and is up by 2.3% over the past 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 -467 shares and in total, 1 thousand shares were bought and sold for approximately $12.68 .
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 -13.80% during the next 3 months and, with a 90% probability hold a price between $0.0042 and $0.0102 at the end of this 3-month period.
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HOFVW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hall of Fame Village, LLC 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 $0.0097 and $0.0096. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -25.83%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Hall of Fame Village, LLC stock
Hall of Fame Village, LLC finds support from accumulated volume at $0.0086 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 18.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOFVW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Hall of Fame Village, LLC to open at $0.0088, and during the day (based on 14 day Average True Range), to move between $0.0063 and $0.0115, which gives a possible trading interval of +/-$0.0026 (+/-29.41%) up or down from last closing price. If Hall of Fame Village, LLC takes out the full calculated possible swing range there will be an estimated 58.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0090 (1.12%) than the support at $0.0086 (3.37%), 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 Hall of Fame Village, LLC stock A Buy?
Hall of Fame Village, LLC 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: -3.883 Sell Candidate Unchanged
Predicted Opening Price for Hall of Fame Village, LLC of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0088 ( 0.749%) | $0.0089 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOFVW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0090 | 1.50 % | |
| R2 | 0.0090 | 0.640 % | ||
| R1 | 0.0089 | 0.109 % | ||
| Current price: | 0.0089 | |||
| Support | S1 | 0.0088 | -1.61 % | |
| S2 | 0.0087 | -2.14 % | ||
| S3 | 0.0086 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | 12.36 % | |
| R2 | 0.0096 | 7.87 % | ||
| R1 | 0.0090 | 1.12 % | ||
| Current price | 0.0089 | |||
| Support | S1 | 0.0086 | -3.37% | |
| S2 | 0.0083 | -6.74% | ||
| S3 | 0.0080 | -10.11% |
FAQ
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