Æternity USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Æternity USD stock price on Friday which ended trading at $0.0283
(Updated on Jun 28, 2024)
The Æternity USD stock price fell by -6.39% on the last day (Friday, 28th Jun 2024) from $0.0302 to $0.0283. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 10.50% from a day low at $0.0282 to a day high of $0.0311. The price has fallen in 6 of the last 10 days and is down by -13.85% for this period. Volume has increased on the last day by 56 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 559 thousand shares were bought and sold for approximately $15.80 thousand.
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 $0.0241 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.26% during the next 3 months and, with a 90% probability hold a price between $0.0225 and $0.0452 at the end of this 3-month period.
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AEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Æternity 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 $0.0315 and $0.0363. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -44.11%. 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). Æternity USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Æternity USD stock
Æternity USD finds support from accumulated volume at $0.0280 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0030 between high and low, or 10.50%. For the last week, the stock has had daily average volatility of 5.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Æternity USD to open at $0.0292, and during the day (based on 14 day Average True Range), to move between $0.0261 and $0.0305, which gives a possible trading interval of +/-$0.0022 (+/-7.66%) up or down from last closing price. If Æternity USD takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0280 (1.01%) than the resistance at $0.0318 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Æternity USD stock A Buy?
Æternity 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: -5.420 Strong Sell Candidate Unchanged
Predicted Opening Price for Æternity USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0292 ( 3.24%) | $0.0283 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0322 | 13.71% |
R2 | 0.0310 | 9.71% |
R1 | 0.0303 | 7.24% |
Price | 0.0283 | |
S1 | 0.0281 | -0.754% |
S2 | 0.0274 | -3.22% |
S3 | 0.0262 | -7.22% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0328 | 16.07% |
R2 | 0.0320 | 13.02% |
R1 | 0.0318 | 12.50% |
Price | 0.0283 | |
S1 | 0.0280 | -1.01% |
S2 | 0.0267 | -5.61% |
S3 | 0 | - |
FAQ
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