Hempacco (HPCO) About To Blow Up ($0.753🆙)

$Hempacco Co., Inc.(HPCO)$ 

HPCO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Hempacco Co., Inc. has increased 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. 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 Hempacco Co., 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 $0.80. On a fall, the stock will find some support from the short-term average at $0.625. 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. A sell signal was issued from a pivot top point on Thursday, February 09, 2023, and so far it has fallen -85.29%. Further fall is indicated until a new bottom pivot has been found.

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Support, Risk & Stop-loss for Hempacco Co., Inc. stock

Hempacco Co., Inc. finds support from accumulated volume at $0.640 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

$0.640 $0.647 $0.690

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 $0.0589 between high and low, or 9.80%. For the last week, the stock has had daily average volatility of 7.79%.

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

Trading Expectations (HPCO) For The Upcoming Trading Day Of Thursday 6th

For the upcoming trading day on Thursday, 6th we expect Hempacco Co., Inc. to open at $0.636, and during the day (based on 14 day Average True Range), to move between $0.541 and $0.753, which gives a possible trading interval of +/-$0.106 (+/-16.42%) up or down from last closing price. If Hempacco Co., Inc. takes out the full calculated possible swing range there will be an estimated 32.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.640 (1.10%) than the resistance at $0.690 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..