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AI Analysis of BZZUSD
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Swarm USD stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)

Buy or Hold candidate since Jun 13, 2024 Loss -3.22% PDF

No changes to the price of Swarm USD stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.612 to a day high of $0.612. The price has risen in 5 of the last 10 days and is up by 69.75% over the past 2 weeks.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.623 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.56% during the next 3 months and, with a 90% probability hold a price between $0.187 and $0.477 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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BZZUSD Signals & Forecast

The Swarm USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.584 and $0.428. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Swarm USD stock

Swarm USD finds support from accumulated volume at $0.609 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 20.62%

Our recommended stop-loss: $0.589 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (BZZUSD) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Swarm USD to open at $0.612, and during the day (based on 14 day Average True Range), to move between $0.536 and $0.687, which gives a possible trading interval of +/-$0.0752 (+/-12.30%) up or down from last closing price. If Swarm USD takes out the full calculated possible swing range there will be an estimated 24.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.609 (0.48%) than the resistance at $0.632 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Swarm USD stock A Buy?

Swarm 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.015 Hold/Accumulate Downgraded

Predicted Opening Price for Swarm USD of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
$0.612 ( 0%) $0.612

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BZZUSD

Fibonacci Support & Resistance Levels

Level Price
R3 0.612 -
R2 0.612 -
R1 0.612 -
Price 0.612
S1 0.612 -
S2 0.612 -
S3 0.612 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.645 5.51%
R2 0.634 3.64%
R1 0.632 3.33%
Price 0.612
S1 0.609 -0.479%
S2 0.572 -6.47%
S3 0.517 -15.39%

FAQ

What is the symbol for Swarm USD Stock and on which exchange is it traded?
The symbol for Swarm USD is BZZUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell Swarm USD Stock?
Swarm 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Swarm USD Stock?
Swarm USD Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Swarm USD Stock.

What's the current price of Swarm USD Stock?
As of the end of day on the Jun 17, 2024, the price of an Swarm USD (BZZUSD) share was $0.612.

What is the 52-week high and low for Swarm USD Stock?
The 52-week high for Swarm USD Stock is $0.788 and the 52-week low is $0.210.
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