Blue Protocol USD Stock Forecast
Blue Protocol USD stock price ended at $0.0025 on Thursday, after losing 3.12%.
(Updated on Jul 04, 2024)
The Blue Protocol USD stock price fell by -3.12% on the last day (Thursday, 4th Jul 2024) from $0.0026 to $0.0025. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.50% from a day low at $0.0025 to a day high of $0.0026. The price has risen in 6 of the last 10 days but is still down by -3.98% for this period.
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 -3.82% during the next 3 months and, with a 90% probability hold a price between $0.0016 and $0.0032 at the end of this 3-month period.
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BLUEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Blue Protocol 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 $0.0026 and $0.0030. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -8.45%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Blue Protocol 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 $0.0002 between high and low, or 6.50%. For the last week the stock has had daily average volatility of 3.40%
Our recommended stop-loss: $0.0024 (-6.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (BLUEUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Blue Protocol USD to open at $0.0025, and during the day (based on 14 day Average True Range), to move between $0.0024 and $0.0027, which gives a possible trading interval of +/-$0.0002 (+/-6.21%) up or down from last closing price. If Blue Protocol USD takes out the full calculated possible swing range there will be an estimated 12.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0029, some $0.0004 (16.16%) from the current price of $0.0025, our system finds the risk reward not very attractive.
Is Blue Protocol USD stock A Buy?
Blue Protocol USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Blue Protocol USD of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$0.0025 ( 0.796%) | $0.0025 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLUEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0027 | 7.17% |
R2 | 0.0026 | 4.73% |
R1 | 0.0026 | 3.23% |
Price | 0.0025 | |
S1 | 0.0025 | -1.64% |
S2 | 0.0024 | -3.14% |
S3 | 0.0024 | -5.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0031 | 24.92% |
R2 | 0.0031 | 24.00% |
R1 | 0.0029 | 16.16% |
Price | 0.0025 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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