Cult DAO USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Sunday for Cult DAO USD
(Updated on Jun 23, 2024)
No changes to the price of Cult DAO USD stock on the last trading day (Sunday, 23rd Jun 2024). 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.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.00000298, a level that may pose a second chance to hit a runner. According to fan-theory $0.00000407 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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. 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 Saturday, June 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
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 0%.
Our recommended stop-loss: $0.00000288 (-4.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CULTUSD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Cult DAO USD to open at $0.000003, and during the day (based on 14 day Average True Range), to move between $0.00000287 and $0.00000313, which gives a possible trading interval of +/-$0.00000013 (+/-4.30%) up or down from last closing price. If Cult DAO USD takes out the full calculated possible swing range there will be an estimated 8.61% 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?
Cult DAO 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.
Current score: -0.699 Hold/Accumulate Unchanged
Predicted Opening Price for Cult DAO USD of Monday, June 24, 2024
Fair opening price June 24, 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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