World Health Energy Holdings, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for World Health Energy Holdings, Inc. stock price on Thursday moving between $0.0001 and $0.0002
(Updated on May 16, 2024)
The World Health Energy Holdings, Inc. stock price gained 100.00% on the last trading day (Thursday, 16th May 2024), rising from $0.0001 to $0.0002. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has fallen in 4 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $1.93 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.67% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0004 at the end of this 3-month period.
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WHEN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 100.00%. Further rise is indicated until a new top pivot has been found. World Health Energy 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. The World Health Energy Holdings, Inc. 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 $0.0002. On a fall, the stock will find some support from the short-term average at $0.0001. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Monday, May 13, 2024 and based on theory for this formation the price should go up by 0% to $0.0002 within 6 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for World Health Energy Holdings, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0001 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 90.00%.
Our recommended stop-loss: $0.0002 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (WHEN) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect World Health Energy Holdings, Inc. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.00009864 and $0.0003, which gives a possible trading interval of +/-$0.0001 (+/-50.68%) up or down from last closing price. If World Health Energy Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 101.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0002, some $0.000001 (0.50%) from the current price of $0.0002, our system finds the risk reward not very attractive.
Earnings coming up
World Health Energy Holdings, Inc. will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for World Health Energy Holdings, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.
Is World Health Energy Holdings, Inc. stock A Buy?
World Health Energy Holdings, Inc. 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 Strong Sell to a Hold/Accumulate candidate.
Current score: -0.421 Hold/Accumulate Upgraded
Predicted Opening Price for World Health Energy Holdings, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0002 ( 16.67%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 33.33 % | |
| R2 | 0.0002 | 14.23 % | ||
| R1 | 0.0002 | 2.43 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0001 | -35.77 % | |
| S2 | 0.0001 | -47.57 % | ||
| S3 | 0.00006667 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0002 | 0.500 % | ||
| Current price | 0.0002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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