HEMP Stock Forecast

Red day on Friday for HEMP stock after losing 0%
(Updated on Apr 19, 2024)

HEMP Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 HEMP 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 $0.000008 and $0.0000732. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for HEMP 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 2,040.00%.

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

Trading Expectations (HEMP) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect HEMP, INC. to open at $0.000001, and during the day (based on 14 day Average True Range), to move between -$0.00006848 and $0.00007048, which gives a possible trading interval of +/-$0.00006948 (+/-6 948.12%) up or down from last closing price. If HEMP, INC. takes out the full calculated possible swing range there will be an estimated 13 896.24% move between the lowest and the highest trading price during the day.

Is HEMP, INC. stock A Buy?

HEMP 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.

Current score: -5.061 Strong Sell Candidate Unchanged

Predicted Opening Price for HEMP, INC. of Monday, April 22, 2024

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