Avaxtars Token USD Stock Forecast
A very red day for Avaxtars Token USD stock price after a -24.54% fall in the Friday trading session
(Updated on Jun 28, 2024)
The Avaxtars Token USD stock price fell by -24.54% on the last day (Friday, 28th Jun 2024) from $0.0001 to $0.00008383. During the last trading day the stock fluctuated 3.20% from a day low at $0.00008347 to a day high of $0.00008614. The price has fallen in 5 of the last 10 days but is still up by 1.98% over the past 2 weeks. Volume has increased on the last day by 19 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, 19 shares were bought and sold for approximately $0.0016 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0001 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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AVXTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Avaxtars Token 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 $0.00009251 and $0.0001. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -61.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Avaxtars Token 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 Avaxtars Token USD stock
Avaxtars Token USD finds support from accumulated volume at $0.0000822 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.00000267 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: $0.00007957 (-5.08%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (AVXTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Avaxtars Token USD to open at $0.00008448, and during the day (based on 14 day Average True Range), to move between $0.00006436 and $0.0001, which gives a possible trading interval of +/-$0.00001947 (+/-23.22%) up or down from last closing price. If Avaxtars Token USD takes out the full calculated possible swing range there will be an estimated 46.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0000822 (1.94%) than the resistance at $0.0000901 (7.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Avaxtars Token USD stock A Buy?
Avaxtars Token USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Avaxtars Token USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.00008448 ( 0.775%) | $0.00008383 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVXTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00008715 | 3.96% |
| R2 | 0.00008613 | 2.74% |
| R1 | 0.00008550 | 1.99% |
| Price | 0.00008383 | |
| S1 | 0.00008346 | -0.441% |
| S2 | 0.00008283 | -1.19% |
| S3 | 0.00008181 | -2.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0001 | 22.01% |
| R2 | 0.00009195 | 9.69% |
| R1 | 0.0000901 | 7.48% |
| Price | 0.00008383 | |
| S1 | 0.0000822 | -1.94% |
| S2 | 0.00007721 | -7.90% |
| S3 | 0.00007543 | -10.02% |
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