BIT GAME VERSE TOKEN USD Stock Forecast

Red day on Monday for BIT GAME VERSE TOKEN USD
(Updated on Jun 24, 2024)

BGVTUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BIT GAME VERSE TOKEN 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 $0.00002351. On a fall, the stock will find some support from the short-term average at $0.00002286. 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 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Sunday, April 21, 2024 and based on theory for this formation the price should fall by -21.74% to $0.000018 within 10 trading days since signal was issued (Wednesday, May 01, 2024).

Support, Risk & Stop-loss for BIT GAME VERSE TOKEN USD stock

BIT GAME VERSE TOKEN USD finds support from accumulated volume at $0.000022 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 9.35%

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

Trading Expectations (BGVTUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect BIT GAME VERSE TOKEN USD to open at $0.000023, and during the day (based on 14 day Average True Range), to move between $0.00001940 and $0.00002660, which gives a possible trading interval of +/-$0.00000360 (+/-15.63%) up or down from last closing price. If BIT GAME VERSE TOKEN USD takes out the full calculated possible swing range there will be an estimated 31.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000024 (4.35%) than the support at $0.000022 (4.35%), 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 BIT GAME VERSE TOKEN USD stock A Buy?

BIT GAME VERSE TOKEN 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: -1.126 Sell Candidate Unchanged

Predicted Opening Price for BIT GAME VERSE TOKEN USD of Tuesday, June 25, 2024

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