HQ Global Education Inc Stock Forecast
High volatility in HQ Global Education Inc stock price on Friday which ended trading at $0.0002
(Updated on May 17, 2024)
The HQ Global Education Inc stock price gained 100.00% on the last trading day (Friday, 17th May 2024), rising from $0.0001 to $0.0002. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 55 thousand shares were bought and sold for approximately $10.93 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HQ Global Education Inc stock with a 90% probability to be traded between $0.0001 and $0.0003 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HQGE Signals & Forecast
The HQ Global Education 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 $0.0002 and $0.0002. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 100.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 30.00% to $0.0003 within 5 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for HQ Global Education Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0001 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 40.00%.
Our recommended stop-loss: $0.0002 (-3.60%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (HQGE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HQ Global Education Inc to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0003, which gives a possible trading interval of +/-$0.00007706 (+/-38.53%) up or down from last closing price. If HQ Global Education Inc takes out the full calculated possible swing range there will be an estimated 77.06% move between the lowest and the highest trading price during the day.
Is HQ Global Education Inc stock A Buy?
HQ Global Education Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.220 Hold/Accumulate Upgraded
Predicted Opening Price for HQ Global Education Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0002 ( 16.67%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HQGE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 33.33 % | |
| R2 | 0.0002 | 14.23 % | ||
| R1 | 0.0002 | 2.43 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0001 | -35.77 % | |
| S2 | 0.0001 | -47.57 % | ||
| S3 | 0.00006667 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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