BSClaunch USD Stock Forecast
Stronger technical forecast for BSClaunch USD stock price after Friday trading.
(Updated on Jun 28, 2024)
The BSClaunch USD stock price gained 2.09% on the last trading day (Friday, 28th Jun 2024), rising from $0.0011 to $0.0011. During the last trading day the stock fluctuated 1.72% from a day low at $0.0011 to a day high of $0.0011. The price has been going up and down for this period, and there has been a 1.54% gain for the last 2 weeks.
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 -52.27% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 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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BSLUSD Signals & Forecast
There are mixed signals in the stock today. The BSClaunch 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 $0.0012. On a fall, the stock will find some support from the short-term average at $0.0011. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.40%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for BSClaunch USD stock
BSClaunch USD finds support from accumulated volume at $0.0011 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 $0.000019 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.08%
Our recommended stop-loss: $0.0011 (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (BSLUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect BSClaunch USD to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0012, which gives a possible trading interval of +/-$0.00004484 (+/-4.00%) up or down from last closing price. If BSClaunch USD takes out the full calculated possible swing range there will be an estimated 8.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0011 (0.18%) than the resistance at $0.0012 (6.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BSClaunch USD stock A Buy?
BSClaunch USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 BSClaunch USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0011 ( 0.565%) | $0.0011 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 1.13% |
| R2 | 0.0011 | 0.482% |
| R1 | 0.0011 | 0.0825% |
| Price | 0.0011 | |
| S1 | 0.0011 | -1.21% |
| S2 | 0.0011 | -1.61% |
| S3 | 0.0011 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 23.55% |
| R2 | 0.0014 | 22.93% |
| R1 | 0.0012 | 6.33% |
| Price | 0.0011 | |
| S1 | 0.0011 | -0.178% |
| S2 | 0.0011 | -0.89% |
| S3 | 0.0011 | -3.29% |
FAQ
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