InnerScope Hearing Technologies, Inc. Stock Forecast

INND Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, September 21, 2023, and so far it has risen 7.14%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The InnerScope Hearing Technologies, 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 $0.0008 and $0.0010. A break-up above any of these levels will issue buy signals. 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.

Get your hands on a piece of history – invest in multi-million dollar paintings from $10k with Masterworks.

Support, Risk & Stop-loss for InnerScope Hearing Technologies, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0007. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0002 between high and low, or 33.33%. For the last week the stock has had daily average volatility of 25.37%.

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

Trading Expectations (INND) For The Upcoming Trading Day Of Monday 25th

For the upcoming trading day on Monday, 25th we expect InnerScope Hearing Technologies, Inc. to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0009, which gives a possible trading interval of +/-$0.0002 (+/-22.63%) up or down from last closing price. If InnerScope Hearing Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 45.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0008 (6.67%) than the support at $0.0007 (6.67%), 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 InnerScope Hearing Technologies, Inc. stock A Buy?

InnerScope Hearing Technologies, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.672 Open Broker Account

Remember To Visit Our YouTube Channel