BitCore USD Stock Forecast
Volatile ride for BitCore USD stock price on Friday moving between $0.0455 and $0.0544
(Updated on Jun 28, 2024)
The BitCore USD stock price gained 17.67% on the last trading day (Friday, 28th Jun 2024), rising from $0.0445 to $0.0524. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 19.60% from a day low at $0.0455 to a day high of $0.0544. The price has risen in 6 of the last 10 days and is up by 14.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 85 more shares were traded than the day before. In total, 130 shares were bought and sold for approximately $6.81 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0506, a level that may pose a second chance to hit a runner. According to fan-theory $0.0751 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BTXUSD Signals & Forecast
There are mixed signals in the stock today. The BitCore 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 $0.0539. On a fall, the stock will find some support from the short-term average at $0.0424. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.460%. 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). BitCore USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BitCore USD stock
BitCore USD finds support from accumulated volume at $0.0513 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0089 between high and low, or 19.60%. For the last week, the stock has had daily average volatility of 42.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect BitCore USD to open at $0.0507, and during the day (based on 14 day Average True Range), to move between $0.0420 and $0.0628, which gives a possible trading interval of +/-$0.0104 (+/-19.84%) up or down from last closing price. If BitCore USD takes out the full calculated possible swing range there will be an estimated 39.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0513 (2.08%) than the resistance at $0.0589 (12.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BitCore USD stock A Buy?
BitCore USD holds several negative signals and we believe that 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: -1.769 Sell Candidate Upgraded
Predicted Opening Price for BitCore USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0507 ( 3.13%) | $0.0524 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTXUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0597 | 13.89% |
R2 | 0.0562 | 7.39% |
R1 | 0.0541 | 3.37% |
Price | 0.0524 | |
S1 | 0.0473 | -9.63% |
S2 | 0.0452 | -13.64% |
S3 | 0.0418 | -20.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0611 | 16.61% |
R2 | 0.0602 | 14.86% |
R1 | 0.0589 | 12.51% |
Price | 0.0524 | |
S1 | 0.0513 | -2.08% |
S2 | 0.0512 | -2.21% |
S3 | 0.0505 | -3.67% |
FAQ
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