Bibox Token USD Stock Forecast
Is Bibox Token USD stock still a buy after falling -7.22% on Friday?
(Updated on Jun 28, 2024)
The Bibox Token USD stock price fell by -7.22% on the last day (Friday, 28th Jun 2024) from $0.0038 to $0.0036. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.140% from a day low at $0.0036 to a day high of $0.0036. The price has fallen in 7 of the last 10 days and is down by -4.2% for this period. Volume has increased on the last day by 17 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 50 shares were bought and sold for approximately $0.178 .
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 $0.0032 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.38% during the next 3 months and, with a 90% probability hold a price between $0.0027 and $0.0042 at the end of this 3-month period.
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BIXUSD Signals & Forecast
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 Bibox Token USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0040 and $0.0040. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -24.60%. Further fall is indicated until a new bottom pivot has been found. Bibox Token USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bibox Token USD stock
Bibox Token USD finds support from accumulated volume at $0.0035 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.000005 between high and low, or 0.140%. For the last week, the stock has had daily average volatility of 23.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Bibox Token USD to open at $0.0036, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0041, which gives a possible trading interval of +/-$0.0005 (+/-14.71%) up or down from last closing price. If Bibox Token USD takes out the full calculated possible swing range there will be an estimated 29.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0035 (0.39%) than the resistance at $0.0037 (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bibox Token USD stock A Buy?
Bibox Token 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: -7.004 Strong Sell Candidate Unchanged
Predicted Opening Price for Bibox Token USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0036 ( 0.0094%) | $0.0036 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0036 | 0.150% |
| R2 | 0.0036 | 0.0961% |
| R1 | 0.0036 | 0.0630% |
| Price | 0.0036 | |
| S1 | 0.0036 | -0.0443% |
| S2 | 0.0036 | -0.0774% |
| S3 | 0.0036 | -0.131% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0041 | 15.10% |
| R2 | 0.0040 | 11.48% |
| R1 | 0.0037 | 4.60% |
| Price | 0.0036 | |
| S1 | 0.0035 | -0.393% |
| S2 | 0.0035 | -1.54% |
| S3 | 0.0034 | -5.17% |
FAQ
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