HEMP, INC. Forecast and Stock Analysis
Technical HEMP stock analysis for Monday June 24, 2019.
HEMP, INC. gained 1.48% in the last trading day ( Monday, 24th Jun 2019 ), rising from $0.02 to $0.02 During day the stock fluctuated 3.50% from a day low at $0.02 to a day high of $0.02. The price has risen in 5 of the last 10 days and is up by 0.49% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.54 million more shares were traded than the day before. In total, 17.08 million shares bought and sold for approximately $351 897.00.
- 30 day high of the HEMP stock price was $0.03 and low was $0.02.
- 90 day high was $0.05 and low was $0.02.
- 52 week high for the HEMP, INC. - $0.05 and low - $0.02.
HEMP, INC. 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 -16.75% during the next 3 months and, with 90% probability hold a price between $0.02 and $0.02 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday June 21, 2019, which indicates further gains until a new top pivot has been found. HEMP, INC. has rising 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. HEMP, INC. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.02. On a fall, the stock will find some support from the short-term average at $0.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
HEMP, INC. finds support from accumulated volume at $0.02.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 3.50%. For the last week, the stock has had a daily average volatility of 3.88%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.88 %Average volatility
Very Low Low Medium High Very High
HEMP, INC. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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