Choise.com USD Stock Forecast
Big movements in Choise.com USD stock price on Thursday moving 12.04% between high and low
(Updated on Jun 20, 2024)
The Choise.com USD stock price gained 10.42% on the last trading day (Thursday, 20th Jun 2024), rising from $0.0387 to $0.0427. During the last trading day the stock fluctuated 12.04% from a day low at $0.0384 to a day high of $0.0430. The price has fallen in 9 of the last 10 days and is down by -33.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 123 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $67.04 thousand.
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 -17.67% during the next 3 months and, with a 90% probability hold a price between $0.0142 and $0.0960 at the end of this 3-month period.
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CHOUSD Signals & Forecast
Choise.com 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. The Choise.com 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 $0.0459 and $0.0651. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -68.73%. 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 Choise.com USD stock
Choise.com USD finds support from accumulated volume at $0.0409 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 $0.0046 between high and low, or 12.04%. For the last week, the stock has had daily average volatility of 10.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHOUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Choise.com USD to open at $0.0414, and during the day (based on 14 day Average True Range), to move between $0.0378 and $0.0476, which gives a possible trading interval of +/-$0.0049 (+/-11.54%) up or down from last closing price. If Choise.com USD takes out the full calculated possible swing range there will be an estimated 23.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0441 (3.22%) than the support at $0.0409 (4.25%), 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 Choise.com USD stock A Buy?
Choise.com 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: -6.919 Strong Sell Candidate Unchanged
Predicted Opening Price for Choise.com USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0414 ( 3.13%) | $0.0427 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0460 | 7.69% |
| R2 | 0.0442 | 3.55% |
| R1 | 0.0431 | 1.00% |
| Price | 0.0427 | |
| S1 | 0.0396 | -7.27% |
| S2 | 0.0385 | -9.82% |
| S3 | 0.0368 | -13.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0531 | 24.38% |
| R2 | 0.0456 | 6.80% |
| R1 | 0.0441 | 3.22% |
| Price | 0.0427 | |
| S1 | 0.0409 | -4.25% |
| S2 | 0.0387 | -9.44% |
| S3 | 0 | - |
FAQ
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