Atlas Protocol USD Stock Forecast

High volatility in Atlas Protocol USD stock price on Saturday which ended trading at $0.000049
(Updated on Jun 29, 2024)

ATPUSD Signals & Forecast

There are mixed signals in the stock today. The Atlas Protocol 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 $0.00005343 and $0.00006626. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 11.36%. 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).

Support, Risk & Stop-loss for Atlas Protocol USD stock

Atlas Protocol USD finds support from accumulated volume at $0.000048 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000006 between high and low, or 12.24%. For the last week the stock has had daily average volatility of 37.17%.

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

Trading Expectations (ATPUSD) For The Upcoming Trading Day Of Sunday 30th

For the upcoming trading day on Sunday, 30th we expect Atlas Protocol USD to open at $0.000051, and during the day (based on 14 day Average True Range), to move between $0.00004100 and $0.00005700, which gives a possible trading interval of +/-$0.00000800 (+/-16.33%) up or down from last closing price. If Atlas Protocol USD takes out the full calculated possible swing range there will be an estimated 32.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.000048 (2.04%) than the resistance at $0.000054 (10.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atlas Protocol USD stock A Buy?

Atlas Protocol 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.

Current score: -4.111 Sell Candidate Unchanged

Predicted Opening Price for Atlas Protocol USD of Sunday, June 30, 2024

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