Industrial Nanotech, Inc. Stock Forecast
Big movements in Industrial Nanotech, Inc. stock price on Thursday moving 100.00% between high and low
(Updated on May 23, 2024)
The Industrial Nanotech, Inc. stock price gained 100.00% on the last trading day (Thursday, 23rd 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 100% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $310.00 . 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 stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.0002 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Industrial Nanotech, Inc. stock with a 90% probability to be traded between $0.00000121 and $0.0002 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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INTK Signals & Forecast
The Industrial Nanotech, 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 $0.000086 and $0.0001. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 19,900.00%. 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 Friday, May 17, 2024 with a target of $0.00006223. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Industrial Nanotech, 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 8,000.00%.
Our recommended stop-loss: $0.0002 (-3.36%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (INTK) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Industrial Nanotech, Inc. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.00009405 and $0.0003, which gives a possible trading interval of +/-$0.0001 (+/-52.98%) up or down from last closing price. If Industrial Nanotech, Inc. takes out the full calculated possible swing range there will be an estimated 105.95% move between the lowest and the highest trading price during the day.
Is Industrial Nanotech, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Industrial Nanotech, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.804 Buy Candidate Upgraded
Predicted Opening Price for Industrial Nanotech, Inc. of Friday, May 24, 2024
| Fair opening price May 24, 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 INTK
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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