ARMOR USD Cryptocurrency Forecast

ARMOR USD cryptocurrency downgraded to Sell Candidate
(Updated on May 18, 2024)

ARMORUSD 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 ARMOR 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 $0.0023 and $0.0025. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, April 28, 2024, and so far it has fallen -14.11%. 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. The cryptocurrency had a Golden Star Signal on Saturday, March 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, March 16, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.

Support, Risk & Stop-loss for ARMOR USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0020 and $0.0020. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, ARMOR USD finds support just below today's level at $0.0020. If this is broken, then the next support from accumulated volume will be at $0.0020 and $0.0020.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0.0344%.

ARMOR USD is oversold on RSI14 (2). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (ARMORUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect ARMOR USD to open at $0.0022, and during the day (based on 14 day Average True Range), to move between $0.0022 and $0.0022, which gives a possible trading interval of +/-$0.00001567 (+/-0.71%) up or down from last closing price. If ARMOR USD takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0024 (6.26%) than the support at $0.0020 (10.76%), 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 ARMOR USD cryptocurrency A Buy?

The ARMOR USD cryptocurrency holds several negative signals and despite the positive trend, we believe ARMOR 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: -3.188 Sell Candidate Downgraded

Predicted Opening Price for ARMOR USD of Sunday, May 19, 2024

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