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HEMP, INC. Stock Forecast PINK: HEMP

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HEMP Stock Risk

This stock may move much during a 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 $0.00 between high and low, or 10.53%. For the last week, the stock has had a daily average volatility of 12.94%.

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

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RSImin/max Values: [ 25 – 75 ]

High volatility in HEMP, INC. stock price on Friday which ended trading at $0.00 (Updated on November 20, 2020)

No changes to the price of HEMP, INC. stock on the last trading day (Friday, 20th Nov 2020). During the day the stock fluctuated 10.53% from a day low at $0.00 to a day high of $0.00. The price has fallen in 6 of the last 10 days and is down by -17.02% for this period.

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. Given the current short-term trend, the stock is expected to fall -6.36% 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 & Forecast

The HEMP, INC. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.00. On a fall, the stock will find some support from the long-term average at approximately $0.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a “turning point”. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, November 09, 2020, and so far it has fallen -20.41%. Further fall is indicated until a new bottom pivot has been found.

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 may move much during a 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 $0.00 between high and low, or 10.53%. For the last week, the stock has had a daily average volatility of 12.94%.

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

Is HEMP, INC. stock A Buy?

HEMP, 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.

Current score: -1.739

Predicted Opening Price for HEMP, INC. of Monday, November 23, 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a ne…

Top Marijuana Stocks for November 2020

VFF.TO, JUSH, and GRWG are top for value, growth, and momentum, respectively

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The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal and other uses. Some of the biggest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth, which remains strong despite the pandemic-spurred economic downturn.

On November 3, 2020, voters in New Jersey, Arizona, and Montana approved ballot measures to legalize recreational marijuana, and Mississippi has voted to legalize medical marijuana use. South Dakota, approved ballot measures to approve both.

Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have dramatically underperformed the broader market. MJ has provided a total return of -42.5% over the past 12 months, well below the Russell 1000’s total return of 15.6%, as of October 27, 2020.   All statistics in the tables below are as of October 28.

Here are the top 3 marijuana stocks with the best value, the fastest growth, and the most momentum.

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  • Village Farms International Inc.: Village Farms International is a Canada-based agricultural producer. In addition to growing standard vegetables like tomatoes, bell peppers, and cucumbers, the company now also produces cannabis.
  • Aurora Cannabis Inc.: Aurora Cannabis is a Canada-based company engaged in the production, distribution, and sale of cannabis products. The company announced on September 8 the appointment of Miguel Martin to the role of Chief Executive Officer (CEO). Michael Singer, who was serving as Interim CEO, stepped down from his temporary role, but will remain the company’s Executive Chairman.  
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Fastest Growing Marijuana Stocks

These are the marijuana stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales show that a company’s business is growing. This is often used to measure growth of young companies that have not yet reached profitability.

  • Jushi Holdings Inc.: Jushi Holdings is a holding company focused on building a portfolio of branded-cannabis and hemp-based assets engaged in retail, distribution, cultivation, and processing operations. The company announced at the beginning of October preliminary revenue estimates for Q3 2020, which ended September 30, 2020. Jushi expects record third-quarter revenue of $24 million.  
  • Neptune Wellness Solutions Inc.: Neptune Wellness Solutions is a Canada-based integrated health and wellness company. The company is focused on building a portfolio of natural, plant-based consumer products, including cannabis and hemp.
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Marijuana Stocks with the Most Momentum

These are the marijuana stocks that had the highest total return over the last 12 months.

These are the marijuana stocks with the best value, fastest growth, and most momentum for November. ]]>