Industrial Nanotech, Inc. Stock Forecast

Red day on Tuesday for Industrial Nanotech, Inc. stock after losing 0%
(Updated on Jun 25, 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 (Thursday, June 13, 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: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INTK) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Industrial Nanotech, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00005918 and $0.0001, which gives a possible trading interval of +/-$0.00004082 (+/-40.82%) up or down from last closing price. If Industrial Nanotech, Inc. takes out the full calculated possible swing range there will be an estimated 81.64% move between the lowest and the highest trading price during the day.

Is Industrial Nanotech, Inc. stock A Buy?

The Industrial Nanotech, Inc. stock holds several negative signals and despite the positive trend, we believe Industrial Nanotech, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.406 Sell Candidate Unchanged

Predicted Opening Price for Industrial Nanotech, Inc. of Wednesday, June 26, 2024

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