Cult DAO USD Stock Forecast
On Wednesday, Cult DAO USD stock price gained an impressive 50.00%
(Updated on Jun 19, 2024)
The Cult DAO USD stock price gained 50.00% on the last trading day (Wednesday, 19th Jun 2024), rising from $0.000002 to $0.000003. During the last trading day the stock fluctuated 0% from a day low at $0.000003 to a day high of $0.000003. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -232 thousand shares and in total, 440 thousand shares were bought and sold for approximately $1.32 . 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 lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.00000316 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -43.06% during the next 3 months and, with a 90% probability hold a price between $0.00000112 and $0.00000180 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CULTUSD Signals & Forecast
The Cult DAO USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.00000286 and $0.00000297. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 50.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Cult DAO USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.00000283. 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "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 10.00%.
Our recommended stop-loss: $0.00000290 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (CULTUSD) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Cult DAO USD to open at $0.000003, and during the day (based on 14 day Average True Range), to move between $0.00000283 and $0.00000317, which gives a possible trading interval of +/-$0.00000017 (+/-5.78%) up or down from last closing price. If Cult DAO USD takes out the full calculated possible swing range there will be an estimated 11.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00000303 (1.00%) than the support at $0.00000283 (5.67%), 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 Cult DAO USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.624 Buy Candidate Upgraded
Predicted Opening Price for Cult DAO USD of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $0.000003 ( 0%) | $0.000003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CULTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000003 | - |
| R2 | 0.000003 | - |
| R1 | 0.000003 | - |
| Price | 0.000003 | |
| S1 | 0.000003 | - |
| S2 | 0.000003 | - |
| S3 | 0.000003 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.00000303 | 1.00% |
| Price | 0.000003 | |
| S1 | 0.00000283 | -5.67% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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