Aergo / US Dollar Cryptocurrency Forecast

Big movements in Aergo / US Dollar cryptocurrency price on Wednesday moving 10.37% between high and low
(Updated on May 01, 2024)

AERGOUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.0794%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aergo / US Dollar 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 $0.134 and $0.157. A break-up above any of these levels will issue buy signals. 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 Aergo / US Dollar cryptocurrency

Aergo / US Dollar finds support from accumulated volume at $0.126 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0126 between high and low, or 10.37%. For the last week the cryptocurrency has had daily average volatility of 6.67%.

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

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

For the upcoming trading day on Thursday, 2nd we expect Aergo / US Dollar to open at $0.127, and during the day (based on 14 day Average True Range), to move between $0.109 and $0.143, which gives a possible trading interval of +/-$0.0172 (+/-13.63%) up or down from last closing price. If Aergo / US Dollar takes out the full calculated possible swing range there will be an estimated 27.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.126 (0.08%) than the resistance at $0.143 (13.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aergo / US Dollar cryptocurrency A Buy?

The Aergo / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Aergo / US Dollar 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: -3.014 Sell Candidate Upgraded

Predicted Opening Price for Aergo / US Dollar of Thursday, May 2, 2024

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