Minehub Technologies Inc. Stock Forecast
Strong day for Minehub Technologies Inc. stock price on Friday rising 14.80% to $0.192
(Updated on May 17, 2024)
The Minehub Technologies Inc. stock price gained 14.80% on the last trading day (Friday, 17th May 2024), rising from $0.167 to $0.192. During the last trading day the stock fluctuated 2.48% from a day low at $0.187 to a day high of $0.192. The price has been going up and down for this period, and there has been a 47.77% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $1.04 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 79.11% during the next 3 months and, with a 90% probability hold a price between $0.246 and $0.481 at the end of this 3-month period.
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MHUBF Signals & Forecast
The Minehub Technologies Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.168 and $0.155. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Minehub Technologies Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -6.51%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Minehub Technologies Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.182 and $0.170. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Minehub Technologies Inc. finds support just below today's level at $0.182. If this is broken, then the next support from accumulated volume will be at $0.170 and $0.158.
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 $0.0046 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 9.47%.
Our recommended stop-loss: $0.182 (-5.43%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (MHUBF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Minehub Technologies Inc. to open at $0.191, and during the day (based on 14 day Average True Range), to move between $0.173 and $0.211, which gives a possible trading interval of +/-$0.0192 (+/-10.01%) up or down from last closing price. If Minehub Technologies Inc. takes out the full calculated possible swing range there will be an estimated 20.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.182 (5.21%) than the resistance at $0.205 (6.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Minehub Technologies Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Minehub Technologies Inc. stock to perform well in the short-term.
Current score: 4.385 Buy Candidate Unchanged
Predicted Opening Price for Minehub Technologies Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.191 ( 0.81%) | $0.192 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MHUBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.195 | 1.61 % | |
| R2 | 0.193 | 0.689 % | ||
| R1 | 0.192 | 0.118 % | ||
| Current price: | 0.192 | |||
| Support | S1 | 0.189 | -1.73 % | |
| S2 | 0.188 | -2.30 % | ||
| S3 | 0.186 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.205 | 6.96 % | ||
| Current price | 0.192 | |||
| Support | S1 | 0.182 | -5.21% | |
| S2 | 0.170 | -11.61% | ||
| S3 | 0.158 | -17.54% |
FAQ
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