AMATEN USD Stock Forecast

Big movements in AMATEN USD stock price on Thursday moving 10.53% between high and low
(Updated on Jun 20, 2024)

AMAUSD Signals & Forecast

There are few to no technical positive signals at the moment. The AMATEN USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0009. On a fall, the stock will find some support from the short-term average at $0.0007. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -19.29%. 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). AMATEN 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 AMATEN USD stock

AMATEN USD finds support from accumulated volume at $0.0007 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 $0.00006632 between high and low, or 10.53%. For the last week, the stock has had daily average volatility of 7.67%.

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

Trading Expectations (AMAUSD) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect AMATEN USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0008, which gives a possible trading interval of +/-$0.0001 (+/-18.32%) up or down from last closing price. If AMATEN USD takes out the full calculated possible swing range there will be an estimated 36.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0007 (0.08%) than the resistance at $0.0007 (3.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AMATEN USD stock A Buy?

AMATEN 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.799 Sell Candidate Upgraded

Predicted Opening Price for AMATEN USD of Friday, June 21, 2024

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