Nate's Food Co. Stock Forecast
Big movements in Nate's Food Co. stock price on Friday moving 33.33% between high and low
(Updated on May 03, 2024)
The Nate's Food Co. stock price gained 13.33% on the last trading day (Friday, 3rd May 2024), rising from $0.0003 to $0.0003. During the last trading day the stock fluctuated 33.33% from a day low at $0.0003 to a day high of $0.0004. The price has been going up and down for this period, and there has been a -32% loss for the last 2 weeks. Volume fell on the last day by -15 million shares and in total, 11 million shares were bought and sold for approximately $3.61 thousand. 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 stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NHMD Signals & Forecast
There are few to no technical positive signals at the moment. The Nate's Food Co. 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 $0.0005. On a fall, the stock will find some support from the short-term average at $0.0003. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -15.00%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Nate's Food Co. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 33.33%. For the last week the stock has had daily average volatility of 81.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NHMD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nate's Food Co. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0005, which gives a possible trading interval of +/-$0.0002 (+/-47.95%) up or down from last closing price. If Nate's Food Co. takes out the full calculated possible swing range there will be an estimated 95.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (2.94%) than the support at $0.0003 (11.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Nate's Food Co. stock A Buy?
Nate's Food Co. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.355 Strong Sell Candidate Unchanged
Predicted Opening Price for Nate's Food Co. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0003 ( 1.96%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHMD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 31.37 % | |
| R2 | 0.0004 | 20.14 % | ||
| R1 | 0.0004 | 13.20 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | -9.27 % | |
| S2 | 0.0003 | -16.22 % | ||
| S3 | 0.0002 | -27.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0004 | 17.65 % | ||
| R1 | 0.0004 | 2.94 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0.0003 | -11.76% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NHMD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | $0.000003 | 1.50% |
FAQ
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