Bella Protocol USD Stock Forecast
On Tuesday, Bella Protocol USD stock price gained an impressive 5.55%
(Updated on Jun 25, 2024)
The Bella Protocol USD stock price gained 5.55% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.564 to $0.596. During the last trading day the stock fluctuated 4.24% from a day low at $0.582 to a day high of $0.607. The price has fallen in 6 of the last 10 days and is down by -16.73% for this period. Volume fell on the last day by -617 thousand shares and in total, 2 million shares were bought and sold for approximately $1.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.509 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.55% during the next 3 months and, with a 90% probability hold a price between $0.364 and $1.13 at the end of this 3-month period.
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BELUSD Signals & Forecast
There are mixed signals in the stock today. The Bella Protocol USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.797. On a fall, the stock will find some support from the short-term average at $0.581. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 6.87%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Bella Protocol USD stock
Bella Protocol USD finds support from accumulated volume at $0.596 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0247 between high and low, or 4.24%. For the last week the stock has had daily average volatility of 4.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BELUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bella Protocol USD to open at $0.595, and during the day (based on 14 day Average True Range), to move between $0.539 and $0.652, which gives a possible trading interval of +/-$0.0564 (+/-9.47%) up or down from last closing price. If Bella Protocol USD takes out the full calculated possible swing range there will be an estimated 18.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.596 (0.02%) than the resistance at $0.645 (8.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bella Protocol USD stock A Buy?
Bella Protocol USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.856 Sell Candidate Unchanged
Predicted Opening Price for Bella Protocol USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.595 ( 0.173%) | $0.596 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BELUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.619 | 3.97% |
| R2 | 0.610 | 2.39% |
| R1 | 0.604 | 1.41% |
| Price | 0.596 | |
| S1 | 0.585 | -1.76% |
| S2 | 0.580 | -2.74% |
| S3 | 0.570 | -4.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.716 | 20.09% |
| R2 | 0.695 | 16.64% |
| R1 | 0.645 | 8.32% |
| Price | 0.596 | |
| S1 | 0.596 | -0.0168% |
| S2 | 0.564 | -5.26% |
| S3 | 0.558 | -6.43% |
FAQ
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