Great prediction back in January 2023.
HPCO Signals & Forecast
The Hempacco Co., Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.45 and $1.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 08, 2023, and so far it has risen 482.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical
Support, Risk & Stop-loss for Hempacco Co., Inc. 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.
$4.40
This stock may move much during the 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 $3.24 between high and low, or 259.20%. For the last week, the stock has had daily average volatility of 64.67%.
The Hempacco Co., Inc. stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $4.26 (-3.24%) (This stock has high daily movements and this gives high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 1 days ago.)
Trading Expectations (HPCO) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Hempacco Co., Inc. to open at $3.38, and during the day (based on 14 day Average True Range), to move between $4.02 and $4.78, which gives a possible trading interval of +/-$0.384 (+/-8.72%) up or down from last closing price. If Hempacco Co., Inc. takes out the full calculated possible swing range there will be an estimated 17.44% move between the lowest and the highest trading price during the day.
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