apM Coin / US Dollar Cryptocurrency Forecast

Volatile ride for apM Coin / US Dollar cryptocurrency price on Saturday moving between $0.0067 and $0.0080
(Updated on Jun 01, 2024)

APMUSD Signals & Forecast

The apM Coin / US Dollar cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0076. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0057. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.40%. 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). apM Coin / US Dollar 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.

Support, Risk & Stop-loss for apM Coin / US Dollar cryptocurrency

apM Coin / US Dollar finds support from accumulated volume at $0.0067 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0013 between high and low, or 19.35%. For the last week, the cryptocurrency has had daily average volatility of 40.45%.

Our recommended stop-loss: $0.0068 (-3.84%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (APMUSD) For The Upcoming Trading Day Of Sunday 2nd

For the upcoming trading day on Sunday, 2nd we expect apM Coin / US Dollar to open at $0.0073, and during the day (based on 14 day Average True Range), to move between $0.0060 and $0.0082, which gives a possible trading interval of +/-$0.0011 (+/-15.75%) up or down from last closing price. If apM Coin / US Dollar takes out the full calculated possible swing range there will be an estimated 31.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0074 (4.77%) than the support at $0.0067 (4.91%), 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 apM Coin / US Dollar cryptocurrency A Buy?

apM Coin / US Dollar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.549 Hold/Accumulate Unchanged

Predicted Opening Price for apM Coin / US Dollar of Sunday, June 2, 2024

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