Shf Holdings, Inc. Stock Forecast
High volatility in Shf Holdings, Inc. stock price on Friday which ended trading at $0.0600
(Updated on Jun 28, 2024)
The Shf Holdings, Inc. stock price gained 7.53% on the last trading day (Friday, 28th Jun 2024), rising from $0.0558 to $0.0600. During the last trading day the stock fluctuated 88.41% from a day low at $0.0371 to a day high of $0.0699. The price has fallen in 4 of the last 10 days but is still up by 33.33% 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, 2 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $667.38 .
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 $0.0624 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 -12.17% during the next 3 months and, with a 90% probability hold a price between $0.0204 and $0.0548 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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SHFSW Signals & Forecast
Mostly positive signals in the chart today. The Shf Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0463 and $0.0440. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 133.46%. 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). Shf Holdings, 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 Shf Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0551 and $0.0500. 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, Shf Holdings, Inc. finds support just below today's level at $0.0551. If this is broken, then the next support from accumulated volume will be at $0.0500 and $0.0460.
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 $0.0328 between high and low, or 88.41%. For the last week, the stock has had daily average volatility of 43.09%.
The Shf Holdings, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $0.0580 (-3.36%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (SHFSW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shf Holdings, Inc. to open at $0.0557, and during the day (based on 14 day Average True Range), to move between $0.0471 and $0.0729, which gives a possible trading interval of +/-$0.0129 (+/-21.55%) up or down from last closing price. If Shf Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 43.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0635 (5.83%) than the support at $0.0551 (8.17%), 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 Shf Holdings, Inc. stock A Buy?
Shf Holdings, Inc. holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Shf Holdings, Inc. stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.203 Strong Buy Candidate Upgraded
Predicted Opening Price for Shf Holdings, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0557 ( 7.22%) | $0.0600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHFSW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0885 | 47.44% |
| R2 | 0.0759 | 26.56% |
| R1 | 0.0682 | 13.66% |
| Price | 0.0600 | |
| S1 | 0.0431 | -28.10% |
| S2 | 0.0354 | -41.01% |
| S3 | 0.0229 | -61.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0692 | 15.33% |
| R1 | 0.0635 | 5.83% |
| Price | 0.0600 | |
| S1 | 0.0551 | -8.17% |
| S2 | 0.0500 | -16.67% |
| S3 | 0.0460 | -23.33% |
FAQ
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