BurgerCities USD Stock Forecast
Evaluation of BurgerCities USD stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The BurgerCities USD stock price gained 4.66% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.485 to $0.508. During the last trading day the stock fluctuated 3.84% from a day low at $0.495 to a day high of $0.514. The price has been going up and down for this period, and there has been a 0.13% gain for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 5 million shares were bought and sold for approximately $2.70 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 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 -27.20% during the next 3 months and, with a 90% probability hold a price between $0.187 and $0.537 at the end of this 3-month period.
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BURGERUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.66%. Further rise is indicated until a new top pivot has been found. 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 BurgerCities 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 $0.516 and $0.531. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BurgerCities USD stock
BurgerCities USD finds support from accumulated volume at $0.485 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 $0.0190 between high and low, or 3.84%. For the last week, the stock has had daily average volatility of 7.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BURGERUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect BurgerCities USD to open at $0.506, and during the day (based on 14 day Average True Range), to move between $0.437 and $0.578, which gives a possible trading interval of +/-$0.0708 (+/-13.94%) up or down from last closing price. If BurgerCities USD takes out the full calculated possible swing range there will be an estimated 27.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.485 (4.45%) than the resistance at $0.588 (15.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BurgerCities USD stock A Buy?
BurgerCities 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.565 Strong Sell Candidate Downgraded
Predicted Opening Price for BurgerCities USD of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.506 ( 0.402%) | $0.508 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BURGERUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.525 | 3.34% |
R2 | 0.517 | 1.91% |
R1 | 0.513 | 1.03% |
Price | 0.508 | |
S1 | 0.498 | -1.83% |
S2 | 0.494 | -2.72% |
S3 | 0.487 | -4.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.610 | 20.08% |
R2 | 0.607 | 19.50% |
R1 | 0.588 | 15.90% |
Price | 0.508 | |
S1 | 0.485 | -4.45% |
S2 | 0.472 | -6.98% |
S3 | 0.469 | -7.62% |
FAQ
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