Hop-On Inc Stock Forecast

Big movements in Hop-On Inc stock price on Friday moving 25.00% between high and low
(Updated on May 17, 2024)

HPNN 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 Hop-On 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 $0.0005 and $0.0006. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -55.56%. Further fall is indicated until a new bottom pivot has been found. Hop-On 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 Hop-On Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0003 may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 20.22%.

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

Trading Expectations (HPNN) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Hop-On Inc to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-30.84%) up or down from last closing price. If Hop-On Inc takes out the full calculated possible swing range there will be an estimated 61.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0005 (12.50%) than the support at $0.0004 (12.50%), 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 Hop-On Inc stock A Buy?

The Hop-On Inc stock holds several negative signals and despite the positive trend, we believe Hop-On Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.994 Sell Candidate Unchanged

Predicted Opening Price for Hop-On Inc of Monday, May 20, 2024

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