ARS/PEN Currency Pair 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
Green day on Tuesday for ARS/PEN
(Updated on Jun 25, 2024)
The ARS/PEN currency pair price gained 0.376% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0027 to $0.0027. During the last trading day the currency pair fluctuated 0.489% from a day low at $0.0027 to a day high of $0.0027. The price has fallen in 5 of the last 10 days and is down by -0.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 more shares were traded than the day before. In total, 12 shares were bought and sold for approximately $0.0320 .
Given the current short-term trend, the currency pair is expected to rise 3.15% during the next 3 months and, with a 90% probability hold a price between $0.0028 and $0.440 at the end of this 3-month period.
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ARSPEN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ARS/PEN 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 ARS/PEN currency pair 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 $0.0029 and $0.0394. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -99.37%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ARS/PEN currency pair
ARS/PEN finds support from accumulated volume at $0.0027 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This currency pair may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this currency pair is considered to be "very high risk". During the last day, the currency pair moved $0.000013 between high and low, or 0.489%. For the last week, the currency pair has had daily average volatility of 0.490%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARSPEN) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ARS/PEN to open at $0.0027, and during the day (based on 14 day Average True Range), to move between -$0.0049 and $0.0102, which gives a possible trading interval of +/-$0.0075 (+/-281.75%) up or down from last closing price. If ARS/PEN takes out the full calculated possible swing range there will be an estimated 563.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0027 (0.11%) than the resistance at $0.0027 (0.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ARS/PEN currency pair A Buy?
The ARS/PEN currency pair holds several negative signals and despite the positive trend, we believe ARS/PEN will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this currency pair.
Current score: -2.803 Sell Candidate Unchanged
Predicted Opening Price for ARS/PEN of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0027 ( 0.162%) | $0.0027 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARSPEN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0027 | 0.325% |
| R2 | 0.0027 | 0.139% |
| R1 | 0.0027 | 0.0237% |
| Price | 0.0027 | |
| S1 | 0.0027 | -0.348% |
| S2 | 0.0027 | -0.463% |
| S3 | 0.0027 | -0.649% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0027 | 0.412% |
| R2 | 0.0027 | 0.300% |
| R1 | 0.0027 | 0.187% |
| Price | 0.0027 | |
| S1 | 0.0027 | -0.112% |
| S2 | 0.0027 | -0.375% |
| S3 | 0.0027 | -0.712% |
FAQ
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