AME Chain 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 AME Chain USD stock price on Friday moving 12.80% between high and low
(Updated on Jun 28, 2024)
The AME Chain USD stock price fell by -0.646% on the last day (Friday, 28th Jun 2024) from $0.0012 to $0.0012. During the last trading day the stock fluctuated 12.80% from a day low at $0.0012 to a day high of $0.0013. The price has been going up and down for this period, and there has been a 9.04% gain for the last 2 weeks. Volume has increased on the last day by 4 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, 52 thousand shares were bought and sold for approximately $64.10 .
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 $0.0010 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.75% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0014 at the end of this 3-month period.
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AMEUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 14.21%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AME Chain 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 $0.0015. On a fall, the stock will find some support from the short-term average at $0.0011. 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. AME Chain 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 AME Chain USD stock
AME Chain USD finds support from accumulated volume at $0.0012 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 $0.0001 between high and low, or 12.80%. For the last week, the stock has had daily average volatility of 8.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect AME Chain USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0014, which gives a possible trading interval of +/-$0.0001 (+/-11.49%) up or down from last closing price. If AME Chain USD takes out the full calculated possible swing range there will be an estimated 22.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0012 (1.54%) than the resistance at $0.0014 (13.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AME Chain USD stock A Buy?
AME Chain USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.497 Sell Candidate Unchanged
Predicted Opening Price for AME Chain USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0012 ( 0.461%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 12.57% |
| R2 | 0.0013 | 7.95% |
| R1 | 0.0013 | 5.09% |
| Price | 0.0012 | |
| S1 | 0.0012 | -4.17% |
| S2 | 0.0011 | -7.03% |
| S3 | 0.0011 | -11.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0015 | 23.74% |
| R2 | 0.0014 | 15.28% |
| R1 | 0.0014 | 13.41% |
| Price | 0.0012 | |
| S1 | 0.0012 | -1.54% |
| S2 | 0.0012 | -2.52% |
| S3 | 0.0012 | -5.85% |
FAQ
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