One World Ventures, 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
Strong day for One World Ventures, Inc. stock price on Friday rising 74.17% to $0.0073
(Updated on May 31, 2024)
The One World Ventures, Inc. stock price gained 74.17% on the last trading day (Friday, 31st May 2024), rising from $0.0042 to $0.0073. During the last trading day the stock fluctuated 0% from a day low at $0.0073 to a day high of $0.0073. The price has been going up and down for this period, and there has been a 17.98% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $19.54 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0070, a level that may pose a second chance to hit a runner. According to fan-theory $0.0151 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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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OWVI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 74.17%. 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). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.0146. On a fall, the stock will find some support from the short-term average at $0.0046. 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 buy signal from a double bottom formation was found on Monday, May 20, 2024 and based on theory for this formation the price should go up by 50.38% to $0.0110 within 4 trading days since signal was issued (Monday, June 03, 2024).
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 $0.0062. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ 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: $0.0070 (-4.14%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (OWVI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect One World Ventures, Inc. to open at $0.0073, and during the day (based on 14 day Average True Range), to move between $0.0047 and $0.0099, which gives a possible trading interval of +/-$0.0026 (+/-35.29%) 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 70.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0062 (15.24%) than the resistance at $0.0085 (16.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is One World Ventures, Inc. stock A Buy?
One World Ventures, 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 One World Ventures, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0073 ( 0.00000000%) | $0.0073 |
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 | 0.0073 | 0.00000000 % | |
| R2 | 0.0073 | 0.00000000 % | ||
| R1 | 0.0073 | 0.00000000 % | ||
| Current price: | 0.0073 | |||
| Support | S1 | 0.0073 | 0.00000000 % | |
| S2 | 0.0073 | 0.00000000 % | ||
| S3 | 0.0073 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0085 | 16.20 % | ||
| Current price | 0.0073 | |||
| Support | S1 | 0.0062 | -15.24% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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