Natural Harmony Foods, Inc. Stock Forecast
Volatile ride for Natural Harmony Foods, Inc. stock price on Friday moving between $0.0040 and $0.0048
(Updated on May 17, 2024)
The Natural Harmony Foods, Inc. stock price gained 9.09% on the last trading day (Friday, 17th May 2024), rising from $0.0044 to $0.0048. During the last trading day the stock fluctuated 20.00% from a day low at $0.0040 to a day high of $0.0048. The price has fallen in 5 of the last 10 days and is down by -5.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 262 thousand more shares were traded than the day before. In total, 582 thousand shares were bought and sold for approximately $2.79 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0044 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 60.93% during the next 3 months and, with a 90% probability hold a price between $0.0071 and $0.0107 at the end of this 3-month period.
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NHYF Signals & Forecast
There are mixed signals in the stock today. The Natural Harmony Foods, 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 $0.0052. On a fall, the stock will find some support from the short-term average at $0.0047. 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 Thursday, April 25, 2024, and so far it has fallen -20.00%. 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). Natural Harmony Foods, 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.
Support, Risk & Stop-loss for Natural Harmony Foods, Inc. stock
Natural Harmony Foods, Inc. finds support from accumulated volume at $0.0046 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0008 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 13.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NHYF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Natural Harmony Foods, Inc. to open at $0.0045, and during the day (based on 14 day Average True Range), to move between $0.0041 and $0.0055, which gives a possible trading interval of +/-$0.0007 (+/-14.99%) up or down from last closing price. If Natural Harmony Foods, Inc. takes out the full calculated possible swing range there will be an estimated 29.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0046 (4.17%) than the resistance at $0.0050 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Natural Harmony Foods, Inc. stock A Buy?
Natural Harmony Foods, 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: -3.130 Sell Candidate Unchanged
Predicted Opening Price for Natural Harmony Foods, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0045 ( 5.56%) | $0.0048 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0053 | 11.11 % | |
| R2 | 0.0050 | 4.74 % | ||
| R1 | 0.0048 | 0.81 % | ||
| Current price: | 0.0048 | |||
| Support | S1 | 0.0042 | -11.92 % | |
| S2 | 0.0040 | -15.86 % | ||
| S3 | 0.0037 | -22.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0054 | 12.50 % | |
| R2 | 0.0051 | 6.25 % | ||
| R1 | 0.0050 | 4.17 % | ||
| Current price | 0.0048 | |||
| Support | S1 | 0.0046 | -4.17% | |
| S2 | 0.0045 | -6.25% | ||
| S3 | 0.0043 | -10.42% |
FAQ
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