Volatile ride for Winners, Inc. stock price on Friday moving between $0.0070 and $0.0090
(Updated on Aug 05, 2022)

The Winners, Inc. stock price fell by -3.61% on the last day (Friday, 5th Aug 2022) from $0.0083 to $0.0080. During the last trading day the stock fluctuated 28.57% from a day low at $0.0070 to a day high of $0.0090. The price has been going up and down for this period, and there has been a 14.29% gain for the last 2 weeks. Volume has increased on the last day by 425 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 546 thousand shares were bought and sold for approximately $4.37 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0086 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -57.30% during the next 3 months and, with a 90% probability hold a price between $0.0016 and $0.0037 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 Winners, Inc. 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 $0.0081 and $0.0086. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 02, 2022, and so far it has fallen -12.57%. Further fall is indicated until a new bottom pivot has been found. Winners, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Winners, Inc. finds support from accumulated volume at $0.0077 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 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 $0.0020 between high and low, or 28.57%. For the last week, the stock has had a daily average volatility of 22.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday 8th we expect Winners, Inc. to open at $0.0080, and during day (based on 14 day Average True Range), to move between $0.0063 and $0.0097, which gives a possible trading interval of +/-$0.0017 (+/-21.78%) up or down from last closing price. If Winners, Inc. takes out the full calculated possible swing range there will be an estimated 43.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0081 (1.25%) than the support at $0.0077 (3.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.

Is Winners, Inc. stock A Buy?

Winners, 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 Sell to a Strong Sell candidate.

Current score: -5.206

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