Categories
BLOG

is hemp inc a good investment

HEMP, INC. Stock Forecast PINK: HEMP

Create a Watchlist

HEMP Stock Risk

This stock has average movements during a day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.00 between high and low, or 27.91%. For the last week, the stock has had daily average volatility of 14.82%.

Our recommended stop-loss: $0.00 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Very Low Low Medium High Very High

RSImin/max Values: [ 25 – 75 ]

Big movements in HEMP, INC. stock on Friday moving 27.91% between high and low (Updated on November 06, 2020)

The HEMP, INC. stock gained 6.82% on the last trading day (Friday, 6th Nov 2020), rising from $0.00 to $0.00. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 27.91% from a day low at $0.00 to a day high of $0.01. The price has risen in 5 of the last 10 days and is up by 30.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 91 million more shares were traded than the day before. In total, 143 million shares were bought and sold for approximately $673.71 thousand.

Given the current short-term trend, the stock is expected to fall -26.78% during the next 3 months and, with a 90% probability hold a price between $0.00 and $0.00 at the end of this 3-month period.

Signals

Mostly positive signals in the chart today. The HEMP, INC. stock holds buy signals from both short and long-term moving averages. 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 $0.00 and $0.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 19, 2020, and so far it has risen 38.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). HEMP, 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. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today’s level from accumulated volume at $0.00 and $0.00. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, HEMP, INC. finds support just below today’s level at $0.00. If this is broken, then the next support from accumulated volume will be at $0.00 and $0.00.

This stock has average movements during a day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.00 between high and low, or 27.91%. For the last week, the stock has had daily average volatility of 14.82%.

The HEMP, INC. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $0.00 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Is HEMP, INC. stock A Buy?

HEMP, INC. holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect HEMP, INC. stock will perform very well in the next 3 months.

Current score: 5.715

Predicted Opening Price for HEMP, INC. of Monday, November 9, 2020

The predicted opening price is based on yesterday’s movements between high, low, and the closing price.

Stock Price Forecast for HEMP: HEMP, INC. holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels….