Akropolis 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:
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
Big movements in Akropolis USD stock price on Friday moving 84.74% between high and low
(Updated on Jun 28, 2024)
The Akropolis USD stock price gained 42.45% on the last trading day (Friday, 28th Jun 2024), rising from $0.0046 to $0.0066. During the last trading day the stock fluctuated 84.74% from a day low at $0.0046 to a day high of $0.0085. The price has risen in 6 of the last 10 days and is up by 44.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 121 million more shares were traded than the day before. In total, 130 million shares were bought and sold for approximately $856.96 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0072 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -30.10% during the next 3 months and, with a 90% probability hold a price between $0.0027 and $0.0051 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AKROUSD Signals & Forecast
Mostly positive signals in the chart today. The Akropolis USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0049 and $0.0059. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 49.13%. 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). Akropolis USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Akropolis USD stock
Akropolis USD finds support from accumulated volume at $0.0063 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0039 between high and low, or 84.74%. For the last week, the stock has had daily average volatility of 21.58%.
Our recommended stop-loss: $0.0064 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (AKROUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Akropolis USD to open at $0.0066, and during the day (based on 14 day Average True Range), to move between $0.0060 and $0.0072, which gives a possible trading interval of +/-$0.0006 (+/-9.26%) up or down from last closing price. If Akropolis USD takes out the full calculated possible swing range there will be an estimated 18.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0063 (4.29%) than the resistance at $0.0071 (7.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Akropolis USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.807 Buy Candidate Upgraded
Predicted Opening Price for Akropolis USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0066 ( 0.640%) | $0.0066 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKROUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0105 | 58.31% |
| R2 | 0.0090 | 35.79% |
| R1 | 0.0081 | 21.88% |
| Price | 0.0066 | |
| S1 | 0.0051 | -23.16% |
| S2 | 0.0042 | -37.07% |
| S3 | 0.0027 | -59.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0079 | 20.03% |
| R2 | 0.0072 | 9.60% |
| R1 | 0.0071 | 7.09% |
| Price | 0.0066 | |
| S1 | 0.0063 | -4.29% |
| S2 | 0.0062 | -6.32% |
| S3 | 0.0062 | -6.34% |
FAQ
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