AurusX USD Stock 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
Red day on Friday for AurusX USD stock after losing 0.147%
(Updated on Jun 28, 2024)
The AurusX USD stock price fell by -0.147% on the last day (Friday, 28th Jun 2024) from $0.442 to $0.441. During the last trading day the stock fluctuated 0.372% from a day low at $0.441 to a day high of $0.443. The price has risen in 7 of the last 10 days and is up by 16.73% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -747 shares and in total, 59 thousand shares were bought and sold for approximately $25.99 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.428, a level that may pose a second chance to hit a runner. According to fan-theory $0.737 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AXUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AurusX USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.450. On a fall, the stock will find some support from the short-term average at $0.440. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Saturday, May 18, 2024, and so far it has fallen -33.50%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for AurusX USD stock
AurusX USD finds support from accumulated volume at $0.421 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 $0.0016 between high and low, or 0.372%. For the last week the stock has had daily average volatility of 5.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect AurusX USD to open at $0.441, and during the day (based on 14 day Average True Range), to move between $0.375 and $0.507, which gives a possible trading interval of +/-$0.0658 (+/-14.93%) up or down from last closing price. If AurusX USD takes out the full calculated possible swing range there will be an estimated 29.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.421 (4.58%) than the resistance at $0.466 (5.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AurusX USD stock A Buy?
AurusX 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: -2.286 Sell Candidate Unchanged
Predicted Opening Price for AurusX USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.441 ( 0.124%) | $0.441 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.443 | 0.496% |
| R2 | 0.442 | 0.354% |
| R1 | 0.442 | 0.266% |
| Price | 0.441 | |
| S1 | 0.441 | -0.0181% |
| S2 | 0.440 | -0.106% |
| S3 | 0.440 | -0.248% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.525 | 18.99% |
| R2 | 0.517 | 17.17% |
| R1 | 0.466 | 5.64% |
| Price | 0.441 | |
| S1 | 0.421 | -4.58% |
| S2 | 0.412 | -6.52% |
| S3 | 0.407 | -7.75% |
FAQ
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