ORHub, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in ORHub, Inc. stock price on Tuesday which ended trading at $0.0314
(Updated on Jun 25, 2024)
The ORHub, Inc. stock price gained 6.80% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0294 to $0.0314. During the last trading day the stock fluctuated 36.52% from a day low at $0.0230 to a day high of $0.0314. The price has risen in 5 of the last 10 days and is up by 20.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $491.88 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0333 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.68% during the next 3 months and, with a 90% probability hold a price between $0.0158 and $0.0248 at the end of this 3-month period. 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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ORHB Signals & Forecast
The ORHub, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0276 and $0.0299. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 36.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ORHub, 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 ORHub, Inc. stock
ORHub, Inc. finds support from accumulated volume at $0.0307 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 $0.0084 between high and low, or 36.52%. For the last week, the stock has had daily average volatility of 13.15%.
Our recommended stop-loss: $0.0302 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (ORHB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ORHub, Inc. to open at $0.0286, and during the day (based on 14 day Average True Range), to move between $0.0288 and $0.0340, which gives a possible trading interval of +/-$0.0026 (+/-8.17%) up or down from last closing price. If ORHub, Inc. takes out the full calculated possible swing range there will be an estimated 16.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0315 (0.32%) than the support at $0.0307 (2.39%), 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 ORHub, Inc. stock A Buy?
ORHub, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ORHub, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0286 ( 8.92%) | $0.0314 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORHB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0370 | 17.83% |
| R2 | 0.0338 | 7.62% |
| R1 | 0.0318 | 1.30% |
| Price | 0.0314 | |
| S1 | 0.0254 | -19.14% |
| S2 | 0.0234 | -25.45% |
| S3 | 0.0202 | -35.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0370 | 17.83% |
| R2 | 0.0348 | 10.83% |
| R1 | 0.0315 | 0.318% |
| Price | 0.0314 | |
| S1 | 0.0307 | -2.39% |
| S2 | 0.0300 | -4.46% |
| S3 | 0.0249 | -20.70% |
FAQ
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