TDH Holdings Inc Stock Forecast
Weaker technical forecast for TDH Holdings Inc as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The TDH Holdings Inc stock price gained 3.26% on the last trading day (Thursday, 25th Apr 2024), rising from $1.12 to $1.16. During the last trading day the stock fluctuated 4.39% from a day low at $1.11 to a day high of $1.16. The price has fallen in 5 of the last 10 days and is down by -4.13% for this period. Volume fell on the last day by -299 shares and in total, 570 shares were bought and sold for approximately $661.20 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.55% during the next 3 months and, with a 90% probability hold a price between $1.20 and $1.71 at the end of this 3-month period.
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PETZ Signals & Forecast
There are mixed signals in the stock today. The TDH 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 $1.18. On a fall, the stock will find some support from the short-term average at $1.15. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 10.48%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for TDH Holdings Inc stock
TDH Holdings Inc finds support from accumulated volume at $1.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0488 between high and low, or 4.39%. For the last week the stock has had daily average volatility of 3.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PETZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TDH Holdings Inc to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.23, which gives a possible trading interval of +/-$0.0748 (+/-6.45%) up or down from last closing price. If TDH Holdings Inc takes out the full calculated possible swing range there will be an estimated 12.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.17 (0.86%) than the support at $1.14 (1.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is TDH Holdings Inc stock A Buy?
TDH Holdings 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. 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 Sell candidate.
Current score: -1.610 Sell Candidate Downgraded
Predicted Opening Price for TDH Holdings Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.14 ( 1.40%) | $1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PETZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.19 | 2.80 % | |
| R2 | 1.17 | 1.20 % | ||
| R1 | 1.16 | 0.205 % | ||
| Current price: | 1.16 | |||
| Support | S1 | 1.13 | -3.01 % | |
| S2 | 1.11 | -4.00 % | ||
| S3 | 1.09 | -5.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.41 | 21.55 % | |
| R2 | 1.22 | 5.17 % | ||
| R1 | 1.17 | 0.86 % | ||
| Current price | 1.16 | |||
| Support | S1 | 1.14 | -1.72% | |
| S2 | 1.11 | -4.31% | ||
| S3 | 1.10 | -5.17% |
FAQ
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