Akash Network USD Stock Forecast
Stronger technical forecast for Akash Network USD stock price after Tuesday trading.
(Updated on Jun 25, 2024)
No changes to the price of Akash Network USD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $2.91 to a day high of $2.91. The price has fallen in 6 of the last 10 days and is down by -16.15% for this period.
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 $2.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.12% during the next 3 months and, with a 90% probability hold a price between $2.20 and $4.90 at the end of this 3-month period.
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AKTUSD Signals & Forecast
There are mixed signals in the stock today. The Akash Network 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 $2.98 and $4.11. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Akash Network USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.57. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 6.28%
Our recommended stop-loss: $2.72 (-6.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AKTUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Akash Network USD to open at $2.91, and during the day (based on 14 day Average True Range), to move between $2.56 and $3.25, which gives a possible trading interval of +/-$0.349 (+/-12.01%) up or down from last closing price. If Akash Network USD takes out the full calculated possible swing range there will be an estimated 24.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.10 (6.70%) than the support at $2.57 (11.61%), 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 Akash Network USD stock A Buy?
Akash Network USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Akash Network USD of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$2.91 ( 0%) | $2.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKTUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.91 | - |
R2 | 2.91 | - |
R1 | 2.91 | - |
Price | 2.91 | |
S1 | 2.91 | - |
S2 | 2.91 | - |
S3 | 2.91 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.62 | 24.73% |
R2 | 3.35 | 15.16% |
R1 | 3.10 | 6.70% |
Price | 2.91 | |
S1 | 2.57 | -11.61% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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