GigaChad USD Stock Forecast

Green day on Thursday for GigaChad USD
(Updated on Jun 20, 2024)

CHADUSD Signals & Forecast

The GigaChad 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 $0.00001420 and $0.00001010. A breakdown below any of these levels will issue sell signals. GigaChad 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. 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 Saturday, June 15, 2024, and so far it has fallen -18.15%. 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).

Support, Risk & Stop-loss for GigaChad USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.00001315 and $0.00001288. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GigaChad USD finds support just below today's level at $0.00001315. If this is broken, then the next support from accumulated volume will be at $0.00001288 and $0.00001156.

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 $0.00000012 between high and low, or 0.83%. For the last week, the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: $0.00001372 (-4.63%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (CHADUSD) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect GigaChad USD to open at $0.00001442, and during the day (based on 14 day Average True Range), to move between $0.00001298 and $0.00001580, which gives a possible trading interval of +/-$0.00000141 (+/-9.80%) up or down from last closing price. If GigaChad USD takes out the full calculated possible swing range there will be an estimated 19.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00001454 (1.04%) than the support at $0.00001315 (8.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is GigaChad USD stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GigaChad USD stock to perform well in the short-term.

Current score: 2.292 Buy Candidate Unchanged

Predicted Opening Price for GigaChad USD of Friday, June 21, 2024

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