Hummus 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
Hummus USD stock price up 1.42% on Friday
(Updated on Jun 28, 2024)
The Hummus USD stock price gained 1.42% on the last trading day (Friday, 28th Jun 2024), rising from $0.0036 to $0.0036. During the last trading day the stock fluctuated 3.39% from a day low at $0.0035 to a day high of $0.0036. The price has fallen in 5 of the last 10 days and is down by -3.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 more shares were traded than the day before. In total, 58 shares were bought and sold for approximately $0.211 .
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 -61.07% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0026 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HUMUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 7.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Hummus USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hummus USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0051. On a fall, the stock will find some support from the short-term average at $0.0036. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Hummus USD stock
Hummus USD finds support from accumulated volume at $0.0036 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 6.52%.
Our recommended stop-loss: $0.0035 (-4.70%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (HUMUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Hummus USD to open at $0.0036, and during the day (based on 14 day Average True Range), to move between $0.0034 and $0.0039, which gives a possible trading interval of +/-$0.0002 (+/-6.75%) up or down from last closing price. If Hummus USD takes out the full calculated possible swing range there will be an estimated 13.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0036 (0.55%) than the resistance at $0.0038 (4.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hummus USD stock A Buy?
Hummus USD 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hummus USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0036 ( 1.09%) | $0.0036 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0037 | 2.18% |
| R2 | 0.0037 | 0.93% |
| R1 | 0.0036 | 0.159% |
| Price | 0.0036 | |
| S1 | 0.0035 | -2.34% |
| S2 | 0.0035 | -3.12% |
| S3 | 0.0035 | -4.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0043 | 19.24% |
| R2 | 0.0038 | 5.64% |
| R1 | 0.0038 | 4.02% |
| Price | 0.0036 | |
| S1 | 0.0036 | -0.550% |
| S2 | 0.0036 | -1.40% |
| S3 | 0.0034 | -6.93% |
FAQ
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