ChainGPT USD Stock Forecast
ChainGPT USD stock price ended at $0.160 on Friday, after gaining 1.49%.
(Updated on Jun 28, 2024)
The ChainGPT USD stock price gained 1.49% on the last trading day (Friday, 28th Jun 2024), rising from $0.158 to $0.160. During the last trading day the stock fluctuated 3.62% from a day low at $0.160 to a day high of $0.166. The price has been going up and down for this period, and there has been a 2.87% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $1.36 million.
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 -45.83% during the next 3 months and, with a 90% probability hold a price between $0.0694 and $0.112 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CGPTUSD Signals & Forecast
There are mixed signals in the stock today. The ChainGPT 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 $0.162 and $0.187. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ChainGPT 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for ChainGPT USD stock
ChainGPT USD finds support from accumulated volume at $0.160 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0058 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 4.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGPTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect ChainGPT USD to open at $0.162, and during the day (based on 14 day Average True Range), to move between $0.151 and $0.170, which gives a possible trading interval of +/-$0.0099 (+/-6.17%) up or down from last closing price. If ChainGPT USD takes out the full calculated possible swing range there will be an estimated 12.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.160 (0.27%) than the resistance at $0.176 (9.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ChainGPT USD stock A Buy?
ChainGPT 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.
Current score: -1.619 Sell Candidate Unchanged
Predicted Opening Price for ChainGPT USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.162 ( 1.08%) | $0.160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGPTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.168 | 4.69% |
| R2 | 0.166 | 3.31% |
| R1 | 0.164 | 2.46% |
| Price | 0.160 | |
| S1 | 0.160 | -0.296% |
| S2 | 0.159 | -1.15% |
| S3 | 0.156 | -2.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.199 | 23.97% |
| R2 | 0.193 | 20.21% |
| R1 | 0.176 | 9.54% |
| Price | 0.160 | |
| S1 | 0.160 | -0.274% |
| S2 | 0.156 | -2.79% |
| S3 | 0.155 | -3.35% |
FAQ
Click here for our free guide on how to buy ChainGPT USD Stock.
