Artery Network USD Stock Forecast
High volatility in Artery Network USD stock price on Thursday which ended trading at $0.0008
(Updated on Jul 04, 2024)
The Artery Network USD stock price gained 7.13% on the last trading day (Thursday, 4th Jul 2024), rising from $0.0008 to $0.0008. During the last trading day the stock fluctuated 51.07% from a day low at $0.0007 to a day high of $0.0011. The price has fallen in 6 of the last 10 days but is still up by 0.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately $19.10 .
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 -58.81% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ARTRUSD Signals & Forecast
There are mixed signals in the stock today. The Artery Network USD 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 $0.0009 and $0.0011. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, July 03, 2024, and so far it has risen 7.13%. 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). Artery Network USD 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 Artery Network USD stock
Artery Network USD finds support from accumulated volume at $0.0008 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0004 between high and low, or 51.07%. For the last week, the stock has had daily average volatility of 27.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARTRUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Artery Network USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0010, which gives a possible trading interval of +/-$0.0002 (+/-22.25%) up or down from last closing price. If Artery Network USD takes out the full calculated possible swing range there will be an estimated 44.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0008 (0.95%) than the resistance at $0.0010 (21.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Artery Network USD stock A Buy?
Artery Network USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.967 Sell Candidate Upgraded
Predicted Opening Price for Artery Network USD of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$0.0009 ( 3.29%) | $0.0008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARTRUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0012 | 45.98% |
R2 | 0.0011 | 29.67% |
R1 | 0.0010 | 19.60% |
Price | 0.0008 | |
S1 | 0.0007 | -13.02% |
S2 | 0.0006 | -23.09% |
S3 | 0.0005 | -39.40% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0010 | 23.31% |
R2 | 0.0010 | 22.95% |
R1 | 0.0010 | 21.88% |
Price | 0.0008 | |
S1 | 0.0008 | -0.95% |
S2 | 0.0008 | -1.31% |
S3 | 0.0008 | -5.59% |
FAQ
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