NaturalShrimp Incorporated Stock Forecast

Volatile ride for NaturalShrimp Incorporated stock price on Thursday moving between $0.0101 and $0.0120
(Updated on Apr 25, 2024)

SHMP Signals & Forecast

The NaturalShrimp Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0105 and $0.0108. A breakdown below any of these levels will issue sell signals. 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. 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. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -50.19%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for NaturalShrimp Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0110 and $0.0100. 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, NaturalShrimp Incorporated finds support just below today's level at $0.0110. If this is broken, then the next support from accumulated volume will be at $0.0100 and $0.0098.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0019 between high and low, or 18.81%. For the last week, the stock has had daily average volatility of 15.55%.

Our recommended stop-loss: $0.0112 (-5.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (SHMP) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect NaturalShrimp Incorporated to open at $0.0113, and during the day (based on 14 day Average True Range), to move between $0.0104 and $0.0134, which gives a possible trading interval of +/-$0.0015 (+/-12.52%) up or down from last closing price. If NaturalShrimp Incorporated takes out the full calculated possible swing range there will be an estimated 25.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0110 (7.56%) than the resistance at $0.0129 (8.40%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.405 Hold/Accumulate Upgraded

Predicted Opening Price for NaturalShrimp Incorporated of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.