BlackHat USD Stock Forecast
BlackHat USD stock upgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The BlackHat USD stock price fell by -1.54% on the last day (Friday, 28th Jun 2024) from $0.0254 to $0.0250. During the last trading day the stock fluctuated 4.06% from a day low at $0.0249 to a day high of $0.0259. The price has fallen in 6 of the last 10 days and is down by -8.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -48 shares and in total, 10 thousand shares were bought and sold for approximately $256.78 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.04% during the next 3 months and, with a 90% probability hold a price between $0.0123 and $0.0202 at the end of this 3-month period. 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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BLKCUSD 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 BlackHat 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 $0.0258 and $0.0283. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -29.73%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BlackHat 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.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0010 between high and low, or 4.06%. For the last week the stock has had daily average volatility of 6.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLKCUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect BlackHat USD to open at $0.0253, and during the day (based on 14 day Average True Range), to move between $0.0223 and $0.0278, which gives a possible trading interval of +/-$0.0027 (+/-10.97%) up or down from last closing price. If BlackHat USD takes out the full calculated possible swing range there will be an estimated 21.95% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0276, some $0.0025 (10.13%) from the current price of $0.0250, our system finds the risk reward not very attractive.
Is BlackHat USD stock A Buy?
BlackHat 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: -3.480 Sell Candidate Upgraded
Predicted Opening Price for BlackHat USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0253 ( 0.92%) | $0.0250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLKCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0263 | 4.96% |
| R2 | 0.0259 | 3.42% |
| R1 | 0.0256 | 2.46% |
| Price | 0.0250 | |
| S1 | 0.0249 | -0.620% |
| S2 | 0.0246 | -1.57% |
| S3 | 0.0242 | -3.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0307 | 22.57% |
| R2 | 0.0301 | 20.37% |
| R1 | 0.0276 | 10.13% |
| Price | 0.0250 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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