Is HSDT going up anytime soon

Helius Medical Technologies (HSDT) is unlikely to experience an immediate price increase. Here's why:

1. Current Price Trend: The stock is in a bearish trend, which has persisted for 13 days. This suggests that the downward pressure on the stock is likely to continue in the near term.
2. Support and Resistance Levels: HSDT is currently positioned below the wide support level, indicating that while there is some support, it may not be strong enough to prevent further declines. The stock is also between narrow and wide resistance levels, which could mean that any upward movement is likely to face resistance.
3. Forecasted Price Trend: The forecast for HSDT is bearish, with a 53.73% historical win rate for this type of forecast. This means that based on past performance, the stock is more likely to continue its current trend than to reverse direction.
4. Recent Performance: HSDT has experienced a significant decline, with a price drop of over 82% in the past year. The stock's market capitalization has shrunk, and it has been subject to volatile trading activity, including a substantial increase in trading volume following a public offering.
5. Volume and Price Movement: The trading volume on June 5, 2025, was 29.24 million shares, which is a notable indicator of market activity. However, without additional context on why the volume is high, it's difficult to predict its impact on the stock price.

In conclusion, while there is a possibility of a price increase, the bearish trend, the stock's recent performance, and the uncertainty in trend continuation suggest that HSDT is not likely to go up soon. Investors should exercise caution and consider these factors before making investment decisions.