Aurora 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
Volatile ride for Aurora USD stock price on Friday moving between $0.000061 and $0.0001
(Updated on Jun 28, 2024)
No changes to the price of Aurora USD stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 100.00% from a day low at $0.000061 to a day high of $0.0001. The price has been going up and down for this period, and there has been a 100% gain for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.00% during the next 3 months and, with a 90% probability hold a price between $0.00004295 and $0.0002 at the end of this 3-month period.
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AOAUSD Signals & Forecast
The Aurora USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0001 and $0.0001. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 from a double bottom formation was found on Saturday, June 22, 2024 and based on theory for this formation the price should go up by 0% to $0.0001 within 4 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Aurora USD stock
Aurora USD finds support from accumulated volume at $0.0001 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000061 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 80.00%.
Our recommended stop-loss: $0.0001 (-3.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (AOAUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Aurora USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00006514 and $0.0002, which gives a possible trading interval of +/-$0.00005686 (+/-46.60%) up or down from last closing price. If Aurora USD takes out the full calculated possible swing range there will be an estimated 93.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0001 (0.82%) than the resistance at $0.0001 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aurora USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.085 Buy Candidate Upgraded
Predicted Opening Price for Aurora USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0001 ( 16.67%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0002 | 33.33% |
| R2 | 0.0001 | 14.23% |
| R1 | 0.0001 | 2.43% |
| Price | 0.0001 | |
| S1 | 0.00007836 | -35.77% |
| S2 | 0.00006397 | -47.57% |
| S3 | 0.00004067 | -66.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0001 | 2.46% |
| R2 | 0.0001 | 1.64% |
| R1 | 0.0001 | 0.82% |
| Price | 0.0001 | |
| S1 | 0.0001 | -0.82% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Aurora USD Stock.
