Allbridge USD Cryptocurrency Forecast

Allbridge USD cryptocurrency upgraded to Sell Candidate.
(Updated on May 01, 2024)

ABRUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Allbridge USD cryptocurrency 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 $0.264 and $0.355. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -67.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Allbridge USD cryptocurrency

Allbridge USD finds support from accumulated volume at $0.246 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0053 between high and low, or 2.17%. For the last week the cryptocurrency has had daily average volatility of 3.12%.

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

Trading Expectations (ABRUSD) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Allbridge USD to open at $0.249, and during the day (based on 14 day Average True Range), to move between $0.224 and $0.271, which gives a possible trading interval of +/-$0.0238 (+/-9.62%) up or down from last closing price. If Allbridge USD takes out the full calculated possible swing range there will be an estimated 19.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.246 (0.57%) than the resistance at $0.272 (9.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Allbridge USD cryptocurrency A Buy?

The Allbridge USD cryptocurrency holds several negative signals and despite the positive trend, we believe Allbridge USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.406 Sell Candidate Upgraded

Predicted Opening Price for Allbridge USD of Thursday, May 2, 2024

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