HEMP Stock Forecast
Big movements in HEMP stock price on Wednesday moving 9,900.00% between high and low
(Updated on Apr 17, 2024)
The HEMP stock price fell by -98.00% on the last day (Wednesday, 17th Apr 2024) from $0.00005 to $0.000001. During the last trading day the stock fluctuated 9,900.00% from a day low at $0.000001 to a day high of $0.0001. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 5 million 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, 5 million shares were bought and sold for approximately $5.00 .
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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HEMP Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.00007886. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -98.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). HEMP 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 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 $0.000099 between high and low, or 9,900.00%. For the last week, the stock has had daily average volatility of 2,340.00%.
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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect HEMP, INC. to open at $0.000034, and during the day (based on 14 day Average True Range), to move between -$0.00007958 and $0.00008158, which gives a possible trading interval of +/-$0.00008058 (+/-8 058.17%) up or down from last closing price. If HEMP, INC. takes out the full calculated possible swing range there will be an estimated 16 116.34% 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. 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: -5.823 Strong Sell Candidate Downgraded
Predicted Opening Price for HEMP, INC. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $0.000034 ( 3,300.00%) | $0.000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0001 | 13,200.00 % | |
| R2 | 0.00009518 | 9,418.20 % | ||
| R1 | 0.00007182 | 7,081.80 % | ||
| Current price: | 0.000001 | |||
| Support | S1 | -0.00000382 | -481.80 % | |
| S2 | -0.00002718 | -2,818.20 % | ||
| S3 | -0.000065 | -6,600.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.000001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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