Wearable Health Solutions, Inc. Stock Forecast
Wearable Health Solutions, Inc. stock price took a fall of -16.67% on Wednesday
(Updated on May 01, 2024)
The Wearable Health Solutions, Inc. stock price fell by -16.67% on the last day (Wednesday, 1st May 2024) from $0.0007 to $0.0006. During the last trading day the stock fluctuated 8.33% from a day low at $0.0006 to a day high of $0.0007. The price has been going up and down for this period, and there has been a 20% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately $1.47 thousand.
The stock lies in the middle of a very 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 -11.98% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0008 at the end of this 3-month period.
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WHSI 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 Wearable Health Solutions, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0008 and $0.0007. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -33.33%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wearable Health Solutions, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0005. 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, Wearable Health Solutions, Inc. finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0005 and $0.0005.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.00005 between high and low, or 8.33%. For the last week the stock has had daily average volatility of 18.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WHSI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Wearable Health Solutions, Inc. to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0007, which gives a possible trading interval of +/-$0.0001 (+/-21.61%) up or down from last closing price. If Wearable Health Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 43.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0006 (8.33%) than the resistance at $0.0007 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wearable Health Solutions, Inc. stock A Buy?
Wearable Health Solutions, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -6.785 Strong Sell Candidate Downgraded
Predicted Opening Price for Wearable Health Solutions, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0006 ( 2.78%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | 11.11 % | |
| R2 | 0.0006 | 7.93 % | ||
| R1 | 0.0006 | 5.96 % | ||
| Current price: | 0.0006 | |||
| Support | S1 | 0.0006 | -0.406 % | |
| S2 | 0.0006 | -2.37 % | ||
| S3 | 0.0006 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | 20.00 % | |
| R2 | 0.0007 | 16.67 % | ||
| R1 | 0.0007 | 8.33 % | ||
| Current price | 0.0006 | |||
| Support | S1 | 0.0006 | -8.33% | |
| S2 | 0.0005 | -11.67% | ||
| S3 | 0.0005 | -16.67% |
FAQ
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