Permission Coin USD Stock Forecast
Permission Coin USD stock price down 0.82% on Saturday
(Updated on Jun 29, 2024)
The Permission Coin USD stock price fell by -0.82% on the last day (Saturday, 29th Jun 2024) from $0.0004 to $0.0004. During the last trading day the stock fluctuated 0.82% from a day low at $0.0004 to a day high of $0.0004. The price has fallen in 7 of the last 10 days and is down by -8.29% for this period. Volume has increased on the last day by 55 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 370 thousand shares were bought and sold for approximately $134.92 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0004 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.59% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0004 at the end of this 3-month period.
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ASKUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Permission Coin 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Permission Coin USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Permission Coin USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.000003 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 2.35%.
Permission Coin USD is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASKUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Permission Coin USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00001343 (+/-3.68%) up or down from last closing price. If Permission Coin USD takes out the full calculated possible swing range there will be an estimated 7.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0005, some $0.000085 (23.29%) from the current price of $0.0004, our system finds the risk reward not very attractive.
Is Permission Coin USD stock A Buy?
Permission Coin USD 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: -4.372 Sell Candidate Unchanged
Predicted Opening Price for Permission Coin USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.0004 ( 0.0913%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASKUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0004 | 0.91% |
R2 | 0.0004 | 0.599% |
R1 | 0.0004 | 0.405% |
Price | 0.0004 | |
S1 | 0.0004 | -0.223% |
S2 | 0.0004 | -0.417% |
S3 | 0.0004 | -0.731% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0005 | 24.11% |
R2 | 0.0005 | 23.56% |
R1 | 0.0005 | 23.29% |
Price | 0.0004 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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