Cash Tech USD Stock Forecast
Red day on Saturday for Cash Tech USD
(Updated on Jun 29, 2024)
The Cash Tech USD stock price fell by -0.373% on the last day (Saturday, 29th Jun 2024) from $0.00000026 to $0.00000026. During the last trading day the stock fluctuated 0.86% from a day low at $0.00000025 to a day high of $0.00000026. The price has fallen in 7 of the last 10 days and is down by -16.38% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 173 thousand shares were bought and sold for approximately $0.0443 .
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.00000026) are considered to be a "second chance" to get out. According to the fan-theory $0.00000016 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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CATEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Cash Tech 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 $0.00000026 and $0.00000033. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -36.92%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cash Tech USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.00000000 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 2.75%.
Cash Tech USD is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CATEUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Cash Tech USD to open at $0.00000026, and during the day (based on 14 day Average True Range), to move between $0.00000024 and $0.00000027, which gives a possible trading interval of +/-$0.00000001 (+/-4.98%) up or down from last closing price. If Cash Tech USD takes out the full calculated possible swing range there will be an estimated 9.97% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.00000027, some $0.00000002 (6.49%) from the current price of $0.00000026, our system finds the risk reward not very attractive.
Is Cash Tech USD stock A Buy?
Cash Tech 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: -4.522 Sell Candidate Unchanged
Predicted Opening Price for Cash Tech USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.00000026 ( 0.0964%) | $0.00000026 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CATEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000026 | 0.759% |
R2 | 0.00000026 | 0.432% |
R1 | 0.00000026 | 0.230% |
Price | 0.00000026 | |
S1 | 0.00000025 | -0.423% |
S2 | 0.00000025 | -0.625% |
S3 | 0.00000025 | -0.95% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000031 | 21.56% |
R2 | 0.00000030 | 18.48% |
R1 | 0.00000027 | 6.49% |
Price | 0.00000026 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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