Argentine Football Association Fan Token Stock Forecast
Green day on Friday for Argentine Football Association Fan Token stock after gaining 1.17%
(Updated on Jun 28, 2024)
The Argentine Football Association Fan Token stock price gained 1.17% on the last trading day (Friday, 28th Jun 2024), rising from $1.18 to $1.19. During the last trading day the stock fluctuated 3.80% from a day low at $1.17 to a day high of $1.22. The price has risen in 7 of the last 10 days and is up by 22.08% over the past 2 weeks. Volume fell on the last day by -254 thousand shares and in total, 1 million shares were bought and sold for approximately $1.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -27.58% during the next 3 months and, with a 90% probability hold a price between $0.657 and $1.21 at the end of this 3-month period.
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ARGUSD Signals & Forecast
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 Argentine Football Association Fan Token stock 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 $1.26 and $1.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -10.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Argentine Football Association Fan Token stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.11 and $1.11. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Argentine Football Association Fan Token finds support just below today's level at $1.11. If this is broken, then the next support from accumulated volume will be at $1.11 and $1.00.
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 $0.0445 between high and low, or 3.80%. For the last week the stock has had daily average volatility of 7.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARGUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Argentine Football Association Fan Token USD to open at $1.19, and during the day (based on 14 day Average True Range), to move between $1.06 and $1.32, which gives a possible trading interval of +/-$0.129 (+/-10.81%) up or down from last closing price. If Argentine Football Association Fan Token USD takes out the full calculated possible swing range there will be an estimated 21.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.11 (6.85%) than the resistance at $1.30 (8.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Argentine Football Association Fan Token USD stock A Buy?
Argentine Football Association Fan Token holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.875 Strong Sell Candidate Unchanged
Predicted Opening Price for Argentine Football Association Fan Token USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $1.19 ( 0.109%) | $1.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.24 | 3.84% |
| R2 | 1.22 | 2.42% |
| R1 | 1.21 | 1.54% |
| Price | 1.19 | |
| S1 | 1.18 | -1.32% |
| S2 | 1.17 | -2.20% |
| S3 | 1.15 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.31 | 10.22% |
| R2 | 1.31 | 9.61% |
| R1 | 1.30 | 8.61% |
| Price | 1.19 | |
| S1 | 1.11 | -6.85% |
| S2 | 1.11 | -7.32% |
| S3 | 1.00 | -16.15% |
FAQ
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