NaturalShrimp Incorporated Stock Forecast
Big movements in NaturalShrimp Incorporated stock price on Wednesday moving 10.31% between high and low
(Updated on Apr 24, 2024)
The NaturalShrimp Incorporated stock price gained 3.57% on the last trading day (Wednesday, 24th Apr 2024), rising from $0.0098 to $0.0102. During the last trading day the stock fluctuated 10.31% from a day low at $0.0097 to a day high of $0.0107. The price has fallen in 7 of the last 10 days but is still up by 1.1% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 769 thousand shares were bought and sold for approximately $7.80 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0078 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.33% during the next 3 months and, with a 90% probability hold a price between $0.0070 and $0.0202 at the end of this 3-month period.
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SHMP Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NaturalShrimp Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0102 and $0.0107. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -57.51%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NaturalShrimp Incorporated stock
NaturalShrimp Incorporated finds support from accumulated volume at $0.0100 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0010 between high and low, or 10.31%. For the last week the stock has had daily average volatility of 16.29%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NaturalShrimp Incorporated to open at $0.0102, and during the day (based on 14 day Average True Range), to move between $0.0087 and $0.0116, which gives a possible trading interval of +/-$0.0015 (+/-14.36%) up or down from last closing price. If NaturalShrimp Incorporated takes out the full calculated possible swing range there will be an estimated 28.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0100 (1.48%) than the resistance at $0.0103 (1.48%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.173 Sell Candidate Unchanged
Predicted Opening Price for NaturalShrimp Incorporated of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.0102 ( 0.328%) | $0.0102 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0112 | 10.18 % | |
| R2 | 0.0108 | 6.42 % | ||
| R1 | 0.0106 | 4.09 % | ||
| Current price: | 0.0102 | |||
| Support | S1 | 0.0098 | -3.44 % | |
| S2 | 0.0096 | -5.76 % | ||
| S3 | 0.0092 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0110 | 8.37 % | |
| R2 | 0.0104 | 2.46 % | ||
| R1 | 0.0103 | 1.48 % | ||
| Current price | 0.0102 | |||
| Support | S1 | 0.0100 | -1.48% | |
| S2 | 0.0098 | -3.45% | ||
| S3 | 0.0094 | -7.39% |
FAQ
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