Ben USD Stock Forecast
Red day on Monday for Ben USD
(Updated on Jun 24, 2024)
No changes to the price of Ben USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.000003 to a day high of $0.000003. The price has been going up and down for this period, and there has been a 200% gain for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.00000332 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BENUSD Signals & Forecast
The Ben USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.000003 and $0.00000162. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Sunday, June 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -94.74% to $0.00000016 within 4 trading days since signal was issued (Monday, June 10, 2024).
Support, Risk & Stop-loss for Ben USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 20.00%
Our recommended stop-loss: $0.00000287 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BENUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Ben USD to open at $0.000003, and during the day (based on 14 day Average True Range), to move between $0.00000188 and $0.00000412, which gives a possible trading interval of +/-$0.00000112 (+/-37.35%) up or down from last closing price. If Ben USD takes out the full calculated possible swing range there will be an estimated 74.70% move between the lowest and the highest trading price during the day.
Is Ben USD stock A Buy?
Ben 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.
Current score: -0.356 Hold/Accumulate Unchanged
Predicted Opening Price for Ben USD of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.000003 ( 0%) | $0.000003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BENUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000003 | - |
| R2 | 0.000003 | - |
| R1 | 0.000003 | - |
| Price | 0.000003 | |
| S1 | 0.000003 | - |
| S2 | 0.000003 | - |
| S3 | 0.000003 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.000003 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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