One World Ventures, Inc. Stock Forecast
On Friday, One World Ventures, Inc. stock price gained an impressive 77.42%
(Updated on May 17, 2024)
The One World Ventures, Inc. stock price gained 77.42% on the last trading day (Friday, 17th May 2024), rising from $0.0062 to $0.0110. During the last trading day the stock fluctuated 0% from a day low at $0.0110 to a day high of $0.0110. The price has fallen in 5 of the last 10 days and is down by -45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 more shares were traded than the day before. In total, 311 shares were bought and sold for approximately $3.42 .
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 -68.52% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0041 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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OWVI Signals & Forecast
There are mixed signals in the stock today. The One World Ventures, 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 $0.0208. On a fall, the stock will find some support from the short-term average at $0.0089. 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 Wednesday, May 15, 2024, and so far it has fallen 0%. 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). One World Ventures, 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 One World Ventures, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0096 and $0.0085. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0085 may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OWVI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect One World Ventures, Inc. to open at $0.0110, and during the day (based on 14 day Average True Range), to move between $0.0068 and $0.0152, which gives a possible trading interval of +/-$0.0042 (+/-37.90%) up or down from last closing price. If One World Ventures, Inc. takes out the full calculated possible swing range there will be an estimated 75.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0119 (8.18%) than the support at $0.0096 (12.82%), 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 One World Ventures, Inc. stock A Buy?
One World Ventures, 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: -5.595 Strong Sell Candidate Unchanged
Predicted Opening Price for One World Ventures, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0110 ( 0.00000000%) | $0.0110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OWVI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0110 | 0.00000000 % | |
| R2 | 0.0110 | 0.00000000 % | ||
| R1 | 0.0110 | 0.00000000 % | ||
| Current price: | 0.0110 | |||
| Support | S1 | 0.0110 | 0.00000000 % | |
| S2 | 0.0110 | 0.00000000 % | ||
| S3 | 0.0110 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0119 | 8.18 % | ||
| Current price | 0.0110 | |||
| Support | S1 | 0.0096 | -12.82% | |
| S2 | 0.0085 | -22.73% | ||
| S3 | 0 | . |
FAQ
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