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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NIHK
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High volatility in Video River Networks, Inc. stock price on Tuesday which ended trading at $0.0057
(Updated on May 07, 2024)

Sell candidate since May 01, 2024 Gain 14.00% PDF

The Video River Networks, Inc. stock price gained 14.00% on the last trading day (Tuesday, 7th May 2024), rising from $0.0050 to $0.0057. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 22.81% from a day low at $0.0057 to a day high of $0.0070. The price has risen in 6 of the last 10 days and is up by 25.83% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 2 thousand shares were bought and sold for approximately $10.83 . 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. Given the current short-term trend, the stock is expected to fall -19.94% during the next 3 months and, with a 90% probability hold a price between $0.0025 and $0.0065 at the end of this 3-month period.

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NIHK Signals & Forecast

There are few to no technical positive signals at the moment. The Video River Networks, 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 $0.0060. On a fall, the stock will find some support from the short-term average at $0.0049. 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 30, 2024, and so far it has fallen -10.94%. 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 Video River Networks, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0050 and $0.0047. 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, Video River Networks, Inc. finds support just below today's level at $0.0050. If this is broken, then the next support from accumulated volume will be at $0.0047 and $0.0045.

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 $0.0013 between high and low, or 22.81%. For the last week the stock has had daily average volatility of 9.56%.

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

Trading Expectations (NIHK) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Video River Networks, Inc. to open at $0.0061, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0069, which gives a possible trading interval of +/-$0.0012 (+/-21.29%) up or down from last closing price. If Video River Networks, Inc. takes out the full calculated possible swing range there will be an estimated 42.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0064 (12.28%) than the support at $0.0050 (12.28%), 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 Video River Networks, Inc. stock A Buy?

Video River Networks, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.081 Sell Candidate Upgraded

Predicted Opening Price for Video River Networks, Inc. of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$0.0061 ( 7.60%) $0.0057

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

Trading levels for NIHK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0074 30.41 %
R2 0.0069 21.70 %
R1 0.0066 16.31 %
Current price: 0.0057
Support S1 0.0056 -1.11 %
S2 0.0053 -6.49 %
S3 0.0048 -15.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.0071 24.39 %
R2 0.0067 17.54 %
R1 0.0064 12.28 %
Current price 0.0057
Support S1 0.0050 -12.28%
S2 0.0047 -17.81%
S3 0.0045 -21.05%

FAQ

What is the symbol for Video River Networks, Inc. Stock and on which exchange is it traded?
The symbol for Video River Networks, Inc. is NIHK and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Video River Networks, Inc. Stock?
Video River Networks, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Video River Networks, Inc. Stock?
Video River Networks, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Video River Networks, Inc. Stock.

What's the current price of Video River Networks, Inc. Stock?
As of the end of day on the May 07, 2024, the price of an Video River Networks, Inc. (NIHK) share was $0.0057.

What is the 52-week high and low for Video River Networks, Inc. Stock?
The 52-week high for Video River Networks, Inc. Stock is $55.85 and the 52-week low is $37.21.

What is the market capitalization of Video River Networks, Inc. Stock?
As of the May 07, 2024, the market capitalization of Video River Networks, Inc. is 911.85K.

When is the next earnings date for Video River Networks, Inc.?
The upcoming earnings date for Video River Networks, Inc. is May 16, 2024.
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About Video River Networks, Inc.

Video River Networks, Inc., a technology holding company, operates and manages a portfolio of electric vehicles, artificial intelligence, machine learning, and robotics asset businesses and operations in North America. The company's target portfolio businesses and assets include operations that design, manufacture, install, and sell electric vehicles, power controls, battery and wireless technologies, residential utility meters and remotes, and m... NIHK Profile

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