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AI Analysis of ADXUSD
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AdEx USD stock price up 3.61% on Thursday
(Updated on Jun 20, 2024)

Sell candidate since Jun 11, 2024 Loss -6.50% PDF

The AdEx USD stock price gained 3.61% on the last trading day (Thursday, 20th Jun 2024), rising from $0.167 to $0.173. During the last trading day the stock fluctuated 5.88% from a day low at $0.165 to a day high of $0.175. The price has been going up and down for this period, and there has been a -11.31% loss for the last 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 2 million shares were bought and sold for approximately $306.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.160 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.77% during the next 3 months and, with a 90% probability hold a price between $0.114 and $0.182 at the end of this 3-month period.

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ADXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 6.09%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AdEx 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 $0.177 and $0.199. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for AdEx USD stock

AdEx USD finds support from accumulated volume at $0.167 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 $0.0097 between high and low, or 5.88%. For the last week the stock has had daily average volatility of 7.29%.

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

Trading Expectations (ADXUSD) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect AdEx USD to open at $0.171, and during the day (based on 14 day Average True Range), to move between $0.160 and $0.185, which gives a possible trading interval of +/-$0.0123 (+/-7.11%) up or down from last closing price. If AdEx USD takes out the full calculated possible swing range there will be an estimated 14.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.167 (3.48%) than the resistance at $0.192 (11.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AdEx USD stock A Buy?

AdEx USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.477 Sell Candidate Unchanged

Predicted Opening Price for AdEx USD of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$0.171 ( 0.95%) $0.173

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

Trading levels for ADXUSD

Fibonacci Support & Resistance Levels

Level Price
R3 0.181 4.68%
R2 0.177 2.53%
R1 0.175 1.20%
Price 0.173
S1 0.167 -3.10%
S2 0.165 -4.43%
S3 0.161 -6.58%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.210 21.50%
R2 0.206 19.18%
R1 0.192 11.30%
Price 0.173
S1 0.167 -3.48%
S2 0.163 -5.74%
S3 0 -

FAQ

What is the symbol for AdEx USD Stock and on which exchange is it traded?
The symbol for AdEx USD is ADXUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell AdEx USD Stock?
AdEx USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy AdEx USD Stock?
AdEx USD Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AdEx USD Stock.

What's the current price of AdEx USD Stock?
As of the end of day on the Jun 20, 2024, the price of an AdEx USD (ADXUSD) share was $0.173.

What is the 52-week high and low for AdEx USD Stock?
The 52-week high for AdEx USD Stock is $0.387 and the 52-week low is $0.120.
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