Nature's Miracle Holding Inc. Warrants Stock Forecast
Big movements in Nature's Miracle Holding Inc. Warrants stock price on Monday moving 63.19% between high and low
(Updated on Jun 17, 2024)
The Nature's Miracle Holding Inc. Warrants stock price fell by -36.92% on the last day (Monday, 17th Jun 2024) from $0.0260 to $0.0164. During the last trading day the stock fluctuated 63.19% from a day low at $0.0163 to a day high of $0.0266. The price has risen in 5 of the last 10 days but is still down by -18% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $91.87 .
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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NMHIW Signals & Forecast
There are few to no technical positive signals at the moment. The Nature's Miracle Holding Inc. Warrants stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0189 and $0.0265. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -36.92%. 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). Nature's Miracle Holding Inc. Warrants gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nature's Miracle Holding Inc. Warrants stock
Nature's Miracle Holding Inc. Warrants finds support from accumulated volume at $0.0162 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 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 $0.0103 between high and low, or 63.19%. For the last week, the stock has had daily average volatility of 39.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NMHIW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Nature's Miracle Holding Inc. Warrants to open at $0.0198, and during the day (based on 14 day Average True Range), to move between $0.0052 and $0.0276, which gives a possible trading interval of +/-$0.0112 (+/-68.08%) up or down from last closing price. If Nature's Miracle Holding Inc. Warrants takes out the full calculated possible swing range there will be an estimated 136.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0162 (1.22%) than the resistance at $0.0180 (9.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nature's Miracle Holding Inc. Warrants stock A Buy?
Nature's Miracle Holding Inc. Warrants 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -6.801 Strong Sell Candidate Downgraded
Predicted Opening Price for Nature's Miracle Holding Inc. Warrants of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0198 ( 20.53%) | $0.0164 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NMHIW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0301 | 83.33% |
R2 | 0.0261 | 59.34% |
R1 | 0.0237 | 44.52% |
Price | 0.0164 | |
S1 | 0.0158 | -3.46% |
S2 | 0.0134 | -18.28% |
S3 | 0.0095 | -42.28% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0202 | 23.17% |
R2 | 0.0199 | 21.34% |
R1 | 0.0180 | 9.76% |
Price | 0.0164 | |
S1 | 0.0162 | -1.22% |
S2 | 0.0155 | -5.49% |
S3 | 0 | - |
FAQ
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