Abyss USD Stock Forecast

Abyss USD stock price ended at $0.0054 on Friday, after losing 1.89%.
(Updated on Jun 28, 2024)

ABYSSUSD 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 Abyss 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 $0.0055 and $0.0061. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen -7.21%. 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 stock 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 Abyss USD stock

Abyss USD finds support from accumulated volume at $0.0053 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0002 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 3.31%.

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

Trading Expectations (ABYSSUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Abyss USD to open at $0.0055, and during the day (based on 14 day Average True Range), to move between $0.0051 and $0.0057, which gives a possible trading interval of +/-$0.0003 (+/-6.27%) up or down from last closing price. If Abyss USD takes out the full calculated possible swing range there will be an estimated 12.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0053 (1.88%) than the resistance at $0.0065 (21.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Abyss USD stock A Buy?

The Abyss USD stock holds several negative signals and despite the positive trend, we believe Abyss USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.855 Sell Candidate Unchanged

Predicted Opening Price for Abyss USD of Saturday, June 29, 2024

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