CoinFi USD Stock Forecast

Stronger technical forecast for CoinFi USD stock price after Friday trading.
(Updated on Jun 28, 2024)

COFIUSD Signals & Forecast

The CoinFi USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0009. On a fall, the stock will find some support from the long-term average at approximately $0.0009. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Sunday, May 26, 2024, and so far it has fallen -12.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CoinFi USD stock

CoinFi USD finds support from accumulated volume at $0.0009 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.000032 between high and low, or 3.56%. For the last week the stock has had daily average volatility of 6.83%.

Our recommended stop-loss: $0.0009 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 70 days ago.)

Trading Expectations (COFIUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect CoinFi USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0010, which gives a possible trading interval of +/-$0.00006501 (+/-7.03%) up or down from last closing price. If CoinFi USD takes out the full calculated possible swing range there will be an estimated 14.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0009 (2.49%) than the resistance at $0.0010 (3.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CoinFi USD stock A Buy?

CoinFi USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.337 Hold/Accumulate Upgraded

Predicted Opening Price for CoinFi USD of Saturday, June 29, 2024

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