Industrial Nanotech, Inc. Stock Forecast

Red day on Friday for Industrial Nanotech, Inc.
(Updated on Jun 14, 2024)

INTK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Industrial Nanotech, 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 $0.0001 and $0.0001. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -33.33%. Further fall is indicated until a new bottom pivot has been found.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, May 31, 2024 and based on theory for this formation the price should go up by 254.78% to $0.0004 within 9 trading days since signal was issued (Monday, June 17, 2024).

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 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $0.000094 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (INTK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Industrial Nanotech, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00003599 and $0.0002, which gives a possible trading interval of +/-$0.00006401 (+/-64.01%) up or down from last closing price. If Industrial Nanotech, Inc. takes out the full calculated possible swing range there will be an estimated 128.02% move between the lowest and the highest trading price during the day.

Is Industrial Nanotech, Inc. stock A Buy?

Industrial Nanotech, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Industrial Nanotech, Inc. of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.