Centric Swap USD Stock Forecast

Strong day for Centric Swap USD stock price on Wednesday rising 8.11% to $0.000002
(Updated on Jun 19, 2024)

CNSUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 8.11%. Further rise is indicated until a new top pivot has been found. Centric Swap 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 Centric Swap USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.00000277. On a fall, the stock will find some support from the short-term average at $0.00000198. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Centric Swap USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.00000185. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 2.62%.

Centric Swap USD is oversold on RSI14 (12). 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 (CNSUSD) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Centric Swap USD to open at $0.000002, and during the day (based on 14 day Average True Range), to move between $0.00000175 and $0.00000225, which gives a possible trading interval of +/-$0.00000025 (+/-12.68%) up or down from last closing price. If Centric Swap USD takes out the full calculated possible swing range there will be an estimated 25.36% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.00000185, some $0.00000015 (7.50%) from the current price of $0.000002, our system finds the risk reward attractive.

Is Centric Swap USD stock A Buy?

Centric Swap 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: -3.142 Sell Candidate Unchanged

Predicted Opening Price for Centric Swap USD of Thursday, June 20, 2024

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