Tonner-One World Holdings, Inc. Stock Forecast
Volatile ride for Tonner-One World Holdings, Inc. stock price on Thursday moving between $0.0002 and $0.0004
(Updated on May 16, 2024)
The Tonner-One World Holdings, Inc. stock price gained 33.33% on the last trading day (Thursday, 16th May 2024), rising from $0.0003 to $0.0004. During the last trading day the stock fluctuated 100.00% from a day low at $0.0002 to a day high of $0.0004. The price has been going up and down for this period, and there has been a 0% change 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, 87 million more shares were traded than the day before. In total, 110 million shares were bought and sold for approximately $43.85 thousand.
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 $0.0003, a level that may pose a second chance to hit a runner. According to fan-theory $0.0006 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TONR Signals & Forecast
The Tonner-One World Holdings, Inc. 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 $0.0003 and $0.0004. 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). Tonner-One World 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. 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 Wednesday, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Tonner-One World Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004. 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 $0.0002 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 70.00%.
Our recommended stop-loss: $0.0004 (-3.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (TONR) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Tonner-One World Holdings, Inc. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-33.90%) up or down from last closing price. If Tonner-One World Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 67.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0004, some $0.00005 (12.50%) from the current price of $0.0004, our system finds the risk reward attractive.
Is Tonner-One World Holdings, Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 1.013 Buy Candidate Upgraded
Predicted Opening Price for Tonner-One World Holdings, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0003 ( 16.67%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TONR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 33.33 % | |
| R2 | 0.0005 | 14.23 % | ||
| R1 | 0.0004 | 2.43 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -35.77 % | |
| S2 | 0.0002 | -47.57 % | ||
| S3 | 0.0001 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0004 | -12.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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