Flourishing AI USD Stock Forecast

Is Flourishing AI USD stock still a buy after falling -89.41% on Friday?
(Updated on Jun 28, 2024)

AIUSD 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 Flourishing AI 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 $0.520 and $0.664. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -89.41%. 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 Flourishing AI USD stock

Flourishing AI USD finds support from accumulated volume at $0.0731 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0045 between high and low, or 6.27%. For the last week the stock has had daily average volatility of 6.33%.

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

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

For the upcoming trading day on Saturday, 29th we expect Flourishing AI USD to open at $0.0742, and during the day (based on 14 day Average True Range), to move between -$0.289 and $0.440, which gives a possible trading interval of +/-$0.364 (+/-483.86%) up or down from last closing price. If Flourishing AI USD takes out the full calculated possible swing range there will be an estimated 967.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0775 (2.87%) than the support at $0.0731 (2.91%), 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 Flourishing AI USD stock A Buy?

Flourishing AI 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.612 Sell Candidate Downgraded

Predicted Opening Price for Flourishing AI USD of Saturday, June 29, 2024

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