1MillionNFTs USD Stock Forecast
Red day on Saturday for 1MillionNFTs USD stock after losing 0%
(Updated on Jun 29, 2024)
No changes to the price of 1MillionNFTs USD stock on the last trading day (Saturday, 29th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.122 to a day high of $0.122. The price has been going up and down for this period, and there has been a 11% gain for the last 2 weeks.
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 -14.02% during the next 3 months and, with a 90% probability hold a price between $0.0811 and $0.119 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1MILUSD Signals & Forecast
There are mixed signals in the stock today. The 1MillionNFTs USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.122 and $0.128. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 11.00%. 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).
Support, Risk & Stop-loss for 1MillionNFTs USD stock
1MillionNFTs USD finds support from accumulated volume at $0.121 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1MILUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect 1MillionNFTs USD to open at $0.122, and during the day (based on 14 day Average True Range), to move between $0.120 and $0.125, which gives a possible trading interval of +/-$0.0025 (+/-2.09%) up or down from last closing price. If 1MillionNFTs USD takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.121 (0.52%) than the resistance at $0.145 (18.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 1MillionNFTs USD stock A Buy?
1MillionNFTs USD 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: -1.980 Sell Candidate Unchanged
Predicted Opening Price for 1MillionNFTs USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.122 ( 0.00000000%) | $0.122 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1MILUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.122 | 0.00000000% |
| R2 | 0.122 | 0.00000000% |
| R1 | 0.122 | 0.00000000% |
| Price | 0.122 | |
| S1 | 0.122 | 0.00000000% |
| S2 | 0.122 | 0.00000000% |
| S3 | 0.122 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.147 | 20.12% |
| R2 | 0.145 | 19.01% |
| R1 | 0.145 | 18.71% |
| Price | 0.122 | |
| S1 | 0.121 | -0.524% |
| S2 | 0.120 | -1.65% |
| S3 | 0.110 | -9.91% |
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