Adonis USD Stock Forecast
Red day on Friday for Adonis USD
(Updated on Jun 28, 2024)
The Adonis USD stock price fell by -0.0692% on the last day (Friday, 28th Jun 2024) from $1.00 to $1.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.220% from a day low at $1.00 to a day high of $1.00. The price has been going up and down for this period, and there has been a -0.16% loss for the last 2 weeks.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.02 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Adonis USD stock with a 90% probability to be traded between $0.90 and $1.04 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ADONUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Adonis 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 $1.00 and $1.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 18, 2024, and so far it has fallen -1.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Adonis USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.95 and $0.93. There is a 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, Adonis USD finds support just below today's level at $0.95. If this is broken, then the next support from accumulated volume will be at $0.93 and $0.93.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0022 between high and low, or 0.220%. For the last week the stock has had daily average volatility of 0.142%
Our recommended stop-loss: $0.92 (-7.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (ADONUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Adonis USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.00, which gives a possible trading interval of +/-$0.0042 (+/-0.42%) up or down from last closing price. If Adonis USD takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.00 (0.19%) than the support at $0.95 (5.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Adonis USD stock A Buy?
Adonis USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.538 Hold/Accumulate Unchanged
Predicted Opening Price for Adonis USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $1.00 ( 0.0672%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.287% |
| R2 | 1.00 | 0.203% |
| R1 | 1.00 | 0.151% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0167% |
| S2 | 1.00 | -0.0686% |
| S3 | 1.00 | -0.152% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.01 | 0.92% |
| R2 | 1.00 | 0.715% |
| R1 | 1.00 | 0.190% |
| Price | 1.00 | |
| S1 | 0.95 | -5.01% |
| S2 | 0.93 | -6.58% |
| S3 | 0.93 | -6.66% |
FAQ
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