Based AI USD Stock Forecast
Evaluation of Based AI USD stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
No changes to the price of Based AI USD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1.00 to a day high of $1.00. The price has fallen in 5 of the last 10 days but is still up by 0.1% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Based AI USD stock with a 90% probability to be traded between $0.99 and $1.04 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BAIUSD Signals & Forecast
The Based AI USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.00 and $1.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has risen 0.83%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 20, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 20, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 20, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Sunday, June 16, 2024 and based on theory for this formation the price should go up by 0.440% to $1.01 within 70 trading days since signal was issued (Sunday, August 25, 2024).
Support, Risk & Stop-loss for Based AI USD stock
Based AI USD finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.53%
Our recommended stop-loss: $0.95 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 79 days ago.)
Trading Expectations (BAIUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Based AI USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.02, which gives a possible trading interval of +/-$0.0188 (+/-1.87%) up or down from last closing price. If Based AI USD takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.01 (0.10%) than the support at $1.00 (0.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Based AI USD stock A Buy?
Based AI USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Based AI USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.00 ( 0%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | - |
| R2 | 1.00 | - |
| R1 | 1.00 | - |
| Price | 1.00 | |
| S1 | 1.00 | - |
| S2 | 1.00 | - |
| S3 | 1.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.01 | 0.398% |
| R2 | 1.01 | 0.199% |
| R1 | 1.01 | 0.0996% |
| Price | 1.00 | |
| S1 | 1.00 | -0.199% |
| S2 | 1.00 | -0.299% |
| S3 | 1.00 | -0.398% |
FAQ
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