AmonD USD Cryptocurrency Forecast

AmonD USD cryptocurrency downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

AMONUSD Signals & Forecast

AmonD 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AmonD USD cryptocurrency 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 $0.0008 and $0.0008. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -25.18%. 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).

Support, Risk & Stop-loss for AmonD USD cryptocurrency

AmonD 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 cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.00002 between high and low, or 2.74%. For the last week, the cryptocurrency has had daily average volatility of 0.88%.

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

Trading Expectations (AMONUSD) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect AmonD USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0008, which gives a possible trading interval of +/-$0.00006667 (+/-8.97%) up or down from last closing price. If AmonD USD takes out the full calculated possible swing range there will be an estimated 17.95% 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 (4.31%) than the resistance at $0.0008 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AmonD USD cryptocurrency A Buy?

The AmonD USD cryptocurrency holds several negative signals and despite the positive trend, we believe AmonD USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.557 Sell Candidate Downgraded

Predicted Opening Price for AmonD USD of Thursday, June 27, 2024

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