HWH International Inc. 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
High volatility in HWH International Inc. stock price on Friday which ended trading at $1.18
(Updated on May 24, 2024)
The HWH International Inc. stock price gained 6.31% on the last trading day (Friday, 24th May 2024), rising from $1.11 to $1.18. During the last trading day the stock fluctuated 10.28% from a day low at $1.07 to a day high of $1.18. The price has fallen in 6 of the last 10 days and is down by -9.23% for this period. Volume fell on the last day by -27 thousand shares and in total, 32 thousand shares were bought and sold for approximately $37.79 thousand. 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 lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.79% during the next 3 months and, with a 90% probability hold a price between $1.34 and $3.25 at the end of this 3-month period.
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HWH Signals & Forecast
There are few to no technical positive signals at the moment. The HWH International 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 $1.22 and $1.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -54.26%. 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 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.
Support, Risk & Stop-loss for HWH International Inc. stock
HWH International Inc. finds support from accumulated volume at $1.15 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 $0.110 between high and low, or 10.28%. For the last week the stock has had daily average volatility of 9.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HWH) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect HWH International Inc. to open at $1.14, and during the day (based on 14 day Average True Range), to move between $0.93 and $1.43, which gives a possible trading interval of +/-$0.247 (+/-20.91%) up or down from last closing price. If HWH International Inc. takes out the full calculated possible swing range there will be an estimated 41.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.15 (2.54%) than the resistance at $1.28 (8.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HWH International Inc. stock A Buy?
The HWH International Inc. stock holds several negative signals and despite the positive trend, we believe HWH International Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.969 Sell Candidate Unchanged
Predicted Opening Price for HWH International Inc. of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$1.14 ( 3.11%) | $1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HWH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.25 | 6.21 % | |
R2 | 1.21 | 2.65 % | ||
R1 | 1.19 | 0.454 % | ||
Current price: | 1.18 | |||
Support | S1 | 1.10 | -6.67 % | |
S2 | 1.08 | -8.87 % | ||
S3 | 1.03 | -12.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.41 | 19.07 % | |
R2 | 1.32 | 11.86 % | ||
R1 | 1.28 | 8.47 % | ||
Current price | 1.18 | |||
Support | S1 | 1.15 | -2.54% | |
S2 | 1.02 | -13.56% | ||
S3 | 0.90 | -23.73% |
FAQ
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