CorionX USD Stock Forecast
CorionX USD stock price up more than 5.43% on Friday
(Updated on Jun 28, 2024)
The CorionX USD stock price gained 5.43% on the last trading day (Friday, 28th Jun 2024), rising from $0.0002 to $0.0002. During the last trading day the stock fluctuated 7.31% from a day low at $0.0002 to a day high of $0.0002. The price has been going up and down for this period, and there has been a -1.8% loss for the last 2 weeks. Volume fell on the last day by -4 shares and in total, 4 shares were bought and sold for approximately $0.0009 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0002 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CorionX USD stock with a 90% probability to be traded between $0.0002 and $0.0006 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CORXUSD 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 CorionX 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 $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, June 22, 2024, and so far it has fallen -46.44%. 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. The stock had a Golden Star Signal on Sunday, November 26, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Sunday, November 26, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CorionX USD stock
CorionX USD finds support from accumulated volume at $0.0002 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000016 between high and low, or 7.31%. For the last week the stock has had daily average volatility of 9.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CORXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect CorionX USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00006229 (+/-26.73%) up or down from last closing price. If CorionX USD takes out the full calculated possible swing range there will be an estimated 53.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (0.43%) than the resistance at $0.0002 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CorionX USD stock A Buy?
CorionX 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: -5.491 Strong Sell Candidate Unchanged
Predicted Opening Price for CorionX USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0002 ( 1.72%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CORXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0002 | 5.15% |
| R2 | 0.0002 | 2.53% |
| R1 | 0.0002 | 0.91% |
| Price | 0.0002 | |
| S1 | 0.0002 | -4.34% |
| S2 | 0.0002 | -5.96% |
| S3 | 0.0002 | -8.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 22.75% |
| R2 | 0.0003 | 19.31% |
| R1 | 0.0002 | 1.72% |
| Price | 0.0002 | |
| S1 | 0.0002 | -0.429% |
| S2 | 0.0002 | -9.01% |
| S3 | 0.0002 | -16.31% |
FAQ
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