Based Finance 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
Based Finance USD stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Based Finance USD stock price gained 0.269% on the last trading day (Friday, 28th Jun 2024), rising from $0.0141 to $0.0141. During the last trading day the stock fluctuated 2.24% from a day low at $0.0141 to a day high of $0.0145. The price has been going up and down for this period, and there has been a -0.83% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 more shares were traded than the day before. In total, 86 shares were bought and sold for approximately $1.22 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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BASEDUSD Signals & Forecast
There are mixed signals in the stock today. The Based Finance 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 $0.0146 and $0.0206. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.07%. 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). Based Finance USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Based Finance USD stock
Based Finance USD finds support from accumulated volume at $0.0141 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 $0.0003 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 3.54%.
Based Finance USD is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0133 (-6.11%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (BASEDUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Based Finance USD to open at $0.0142, and during the day (based on 14 day Average True Range), to move between $0.0128 and $0.0155, which gives a possible trading interval of +/-$0.0014 (+/-9.79%) up or down from last closing price. If Based Finance USD takes out the full calculated possible swing range there will be an estimated 19.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0141 (0.27%) than the resistance at $0.0148 (4.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Based Finance USD stock A Buy?
Based Finance 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Finance USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0142 ( 0.747%) | $0.0141 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BASEDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0146 | 2.99% |
| R2 | 0.0144 | 2.13% |
| R1 | 0.0144 | 1.60% |
| Price | 0.0141 | |
| S1 | 0.0141 | -0.109% |
| S2 | 0.0141 | -0.638% |
| S3 | 0.0139 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0174 | 22.83% |
| R2 | 0.0150 | 5.75% |
| R1 | 0.0148 | 4.86% |
| Price | 0.0141 | |
| S1 | 0.0141 | -0.269% |
| S2 | 0.0140 | -1.06% |
| S3 | 0 | - |
FAQ
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