The Ordinals Council USD Stock Forecast

Red day on Wednesday for The Ordinals Council USD stock after losing 0%
(Updated on Jun 26, 2024)

CNCLUSD Signals & Forecast

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. The The Ordinals Council 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 $48.81 and $50.37. 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 25, 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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for The Ordinals Council USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $46.20 and $45.42. 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, The Ordinals Council USD finds support just below today's level at $46.20. If this is broken, then the next support from accumulated volume will be at $45.42 and $43.29.

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 0%

The The Ordinals Council USD stock is extremely overbought on RSI14 (92). This increases the short-term risk substantially.

Our recommended stop-loss: $47.27 (-3.16%) (This stock has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CNCLUSD) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect The Ordinals Council USD to open at $48.81, and during the day (based on 14 day Average True Range), to move between $46.10 and $51.52, which gives a possible trading interval of +/-$2.71 (+/-5.55%) up or down from last closing price. If The Ordinals Council USD takes out the full calculated possible swing range there will be an estimated 11.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $50.37 (3.19%) than the support at $46.20 (5.35%), 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 The Ordinals Council USD stock A Buy?

The Ordinals Council USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for The Ordinals Council USD of Thursday, June 27, 2024

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