NaturalShrimp Incorporated Stock Forecast
NaturalShrimp Incorporated stock price up 1.92% on Tuesday
(Updated on Mar 28, 2023)
The NaturalShrimp Incorporated stock price gained 1.92% on the last trading day (Tuesday, 28th Mar 2023), rising from $0.0495 to $0.0505. During the last trading day the stock fluctuated 6.12% from a day low at $0.0490 to a day high of $0.0520. The price has fallen in 7 of the last 10 days and is down by -0.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $184.61 thousand.
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The stock lies in the middle of a 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 -43.31% during the next 3 months and, with a 90% probability hold a price between $0.0273 and $0.0319 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.
SHMP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 27, 2023, and so far it has risen 1.92%. 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). NaturalShrimp Incorporated 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NaturalShrimp Incorporated 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 $0.0603. On a fall, the stock will find some support from the short-term average at $0.0503. 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.
Support, Risk & Stop-loss for NaturalShrimp Incorporated stock
NaturalShrimp Incorporated finds support from accumulated volume at $0.0500 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 $0.0030 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHMP) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect NaturalShrimp Incorporated to open at $0.0505, and during the day (based on 14 day Average True Range), to move between $0.0459 and $0.0550, which gives a possible trading interval of +/-$0.0046 (+/-9.03%) up or down from last closing price. If NaturalShrimp Incorporated takes out the full calculated possible swing range there will be an estimated 18.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0500 (0.89%) than the resistance at $0.0516 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NaturalShrimp Incorporated stock A Buy?
NaturalShrimp Incorporated 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: -2.152 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for NaturalShrimp Incorporated of Wednesday, March 29, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 29, 2023 | Current price |
|---|---|
| $0.0505 | $0.0505 (Undervalued) |
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Trading levels for SHMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0535 | 6.01 % | |
| R2 | 0.0523 | 3.74 % | ||
| R1 | 0.0516 | 2.34 % | ||
| Current price: | 0.0505 | |||
| Support | S1 | 0.0493 | -2.21 % | |
| S2 | 0.0486 | -3.61 % | ||
| S3 | 0.0475 | -5.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0600 | 18.93 % | |
| R2 | 0.0560 | 11.00 % | ||
| R1 | 0.0516 | 2.18 % | ||
| Current price | 0.0505 | |||
| Support | S1 | 0.0500 | -0.89% | |
| S2 | 0.0498 | -1.29% | ||
| S3 | 0.0498 | -1.39% |
FAQ
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About NaturalShrimp Incorporated
NaturalShrimp Incorporated operates as an aquaculture company worldwide. It develops a technology to produce fresh and gourmet-grade Pacific white shrimp. The company was founded in 2001 and is headquartered in Dallas, Texas.... SHMP Profile
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