AMO Coin USD Stock Forecast

Volatile ride for AMO Coin USD stock price on Friday moving between $0.0005 and $0.0005
(Updated on Jun 28, 2024)

AMOUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 13.07%. Further rise is indicated until a new top pivot has been found. AMO Coin 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 AMO Coin 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 $0.0007. On a fall, the stock will find some support from the short-term average at $0.0005. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for AMO Coin USD stock

AMO Coin USD finds support from accumulated volume at $0.0005 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 $0.000052 between high and low, or 10.70%. For the last week, the stock has had daily average volatility of 6.04%.

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

Trading Expectations (AMOUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect AMO Coin USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0006, which gives a possible trading interval of +/-$0.00005086 (+/-9.80%) up or down from last closing price. If AMO Coin USD takes out the full calculated possible swing range there will be an estimated 19.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0005 (0.77%) than the support at $0.0005 (4.05%), 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 AMO Coin USD stock A Buy?

AMO Coin 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: -3.503 Sell Candidate Unchanged

Predicted Opening Price for AMO Coin USD of Saturday, June 29, 2024

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