NewHydrogen, Inc. Stock Forecast

Big movements in NewHydrogen, Inc. stock price on Tuesday moving 14.00% between high and low
(Updated on Jun 25, 2024)

NEWH Signals & Forecast

There are mixed signals in the stock today. The NewHydrogen, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0064. On a fall, the stock will find some support from the short-term average at $0.0055. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 12.00%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for NewHydrogen, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0052 and $0.0051. 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, NewHydrogen, Inc. finds support just below today's level at $0.0052. If this is broken, then the next support from accumulated volume will be at $0.0051 and $0.0050.

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 $0.0007 between high and low, or 14.00%. For the last week the stock has had daily average volatility of 10.04%.

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

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

For the upcoming trading day on Wednesday, 26th we expect NewHydrogen, Inc. to open at $0.0054, and during the day (based on 14 day Average True Range), to move between $0.0051 and $0.0061, which gives a possible trading interval of +/-$0.0005 (+/-8.84%) up or down from last closing price. If NewHydrogen, Inc. takes out the full calculated possible swing range there will be an estimated 17.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0052 (7.14%) than the resistance at $0.0063 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NewHydrogen, Inc. stock A Buy?

NewHydrogen, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.141 Sell Candidate Unchanged

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

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