Bone USD Stock Forecast
Bone USD stock price ended at $0.503 on Tuesday, after gaining 1.12%.
(Updated on Jun 25, 2024)
The Bone USD stock price gained 1.12% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.497 to $0.503. During the last trading day the stock fluctuated 4.64% from a day low at $0.487 to a day high of $0.510. The price has risen in 6 of the last 10 days but is still down by -7.77% for this period. Volume fell on the last day by -375 thousand shares and in total, 5 million shares were bought and sold for approximately $2.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.474 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.43% during the next 3 months and, with a 90% probability hold a price between $0.358 and $0.534 at the end of this 3-month period.
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BONEUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bone 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 $0.505 and $0.588. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Bone USD stock
Bone USD finds support from accumulated volume at $0.502 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 $0.0226 between high and low, or 4.64%. For the last week, the stock has had daily average volatility of 4.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BONEUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bone USD to open at $0.500, and during the day (based on 14 day Average True Range), to move between $0.475 and $0.530, which gives a possible trading interval of +/-$0.0275 (+/-5.48%) up or down from last closing price. If Bone USD takes out the full calculated possible swing range there will be an estimated 10.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.502 (0.13%) than the resistance at $0.549 (9.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bone USD stock A Buy?
Bone 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: -1.988 Sell Candidate Unchanged
Predicted Opening Price for Bone USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.500 ( 0.547%) | $0.503 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BONEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.522 | 3.95% |
| R2 | 0.514 | 2.23% |
| R1 | 0.508 | 1.17% |
| Price | 0.503 | |
| S1 | 0.491 | -2.26% |
| S2 | 0.486 | -3.33% |
| S3 | 0.477 | -5.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.618 | 23.01% |
| R2 | 0.597 | 18.86% |
| R1 | 0.549 | 9.16% |
| Price | 0.503 | |
| S1 | 0.502 | -0.133% |
| S2 | 0.497 | -1.10% |
| S3 | 0.494 | -1.69% |
FAQ
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