reBaked USD Stock Forecast
A very red day for reBaked USD stock price after a -10.37% fall in the Tuesday trading session
(Updated on Jun 25, 2024)
The reBaked USD stock price fell by -10.37% on the last day (Tuesday, 25th Jun 2024) from $0.0014 to $0.0012. During the last trading day the stock fluctuated 4.93% from a day low at $0.0012 to a day high of $0.0013. The price has fallen in 6 of the last 10 days and is down by -6.15% for this period. Volume has increased on the last day by 18 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, 38 thousand shares were bought and sold for approximately $46.51 .
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 $0.0012 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.78% during the next 3 months and, with a 90% probability hold a price between $0.0011 and $0.0023 at the end of this 3-month period.
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BAKEDUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, June 22, 2024, and so far it has risen 3.17%. 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. The reBaked 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 $0.0012 and $0.0015. A break-up above any of these levels will issue buy signals. reBaked 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 reBaked USD stock
reBaked USD finds support from accumulated volume at $0.0012 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.00006 between high and low, or 4.93%. For the last week, the stock has had daily average volatility of 5.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BAKEDUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect reBaked USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0013, which gives a possible trading interval of +/-$0.00009681 (+/-7.83%) up or down from last closing price. If reBaked USD takes out the full calculated possible swing range there will be an estimated 15.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0012 (1.62%) than the resistance at $0.0014 (15.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is reBaked USD stock A Buy?
reBaked 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: -4.475 Sell Candidate Unchanged
Predicted Opening Price for reBaked USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0012 ( 0.593%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAKEDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0013 | 5.45% |
| R2 | 0.0013 | 3.59% |
| R1 | 0.0013 | 2.45% |
| Price | 0.0012 | |
| S1 | 0.0012 | -1.26% |
| S2 | 0.0012 | -2.41% |
| S3 | 0.0012 | -4.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0015 | 20.95% |
| R2 | 0.0015 | 20.47% |
| R1 | 0.0014 | 15.78% |
| Price | 0.0012 | |
| S1 | 0.0012 | -1.62% |
| S2 | 0.0012 | -1.78% |
| S3 | 0.0012 | -2.02% |
FAQ
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