Base Protocol USD Stock Forecast
Base Protocol USD stock price ended at $2.97 on Tuesday, after gaining 3.14%.
(Updated on Jun 25, 2024)
The Base Protocol USD stock price gained 3.14% on the last trading day (Tuesday, 25th Jun 2024), rising from $2.88 to $2.97. During the last trading day the stock fluctuated 1.88% from a day low at $2.92 to a day high of $2.97. The price has fallen in 7 of the last 10 days and is down by -3.76% for this period.
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. Given the current short-term trend, the stock is expected to fall -25.51% during the next 3 months and, with a 90% probability hold a price between $1.09 and $4.78 at the end of this 3-month period.
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BASEUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 15.47%. 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 Base Protocol 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 $3.02 and $3.17. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Base Protocol USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.79 and $2.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Base Protocol USD finds support just below today's level at $2.79. If this is broken, then the next support from accumulated volume will be at $2.76 and $2.71.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0549 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BASEUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Base Protocol USD to open at $2.95, and during the day (based on 14 day Average True Range), to move between $2.89 and $3.06, which gives a possible trading interval of +/-$0.0831 (+/-2.80%) up or down from last closing price. If Base Protocol USD takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.05 (2.65%) than the support at $2.79 (6.16%), 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 Base Protocol USD stock A Buy?
Base Protocol 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: -3.644 Sell Candidate Unchanged
Predicted Opening Price for Base Protocol USD of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$2.95 ( 0.616%) | $2.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BASEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.01 | 1.23% |
R2 | 2.99 | 0.526% |
R1 | 2.97 | 0.0899% |
Price | 2.97 | |
S1 | 2.93 | -1.32% |
S2 | 2.92 | -1.76% |
S3 | 2.90 | -2.46% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.19 | 7.47% |
R2 | 3.06 | 2.84% |
R1 | 3.05 | 2.65% |
Price | 2.97 | |
S1 | 2.79 | -6.16% |
S2 | 2.76 | -7.00% |
S3 | 2.71 | -8.89% |
FAQ
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