Beam USD Stock Forecast

Beam USD stock upgraded to Sell Candidate.
(Updated on Jun 17, 2024)

BEAMUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Beam 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 $0.0206 and $0.0253. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Beam USD stock

Beam USD finds support from accumulated volume at $0.0195 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 5.41%

Beam USD is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BEAMUSD) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Beam USD to open at $0.0201, and during the day (based on 14 day Average True Range), to move between $0.0183 and $0.0218, which gives a possible trading interval of +/-$0.0017 (+/-8.60%) up or down from last closing price. If Beam USD takes out the full calculated possible swing range there will be an estimated 17.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0195 (2.71%) than the resistance at $0.0224 (11.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Beam USD stock A Buy?

Beam 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.597 Sell Candidate Upgraded

Predicted Opening Price for Beam USD of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.