Celo Dollar USD Stock Forecast
Celo Dollar USD stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Celo Dollar USD stock price gained 0.0370% on the last trading day (Friday, 28th Jun 2024), rising from $1.00 to $1.00. During the last trading day the stock fluctuated 0.236% from a day low at $1.00 to a day high of $1.00. The price has risen in 7 of the last 10 days and is up by 0.01% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $3.38 million. 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 moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Celo Dollar USD stock with a 90% probability to be traded between $1.00 and $1.00 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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CUSDUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.0531%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Celo Dollar 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 $1.00 and $1.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, June 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, March 02, 2024.
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
The stock had a Golden Star Signal on Monday, June 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, March 02, 2024.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 Monday, June 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, March 02, 2024.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.
A sell signal from a double top formation was found on Wednesday, May 08, 2024 and based on theory for this formation the price should fall by -0.200% to $1.00 within 21 trading days since signal was issued (Wednesday, May 29, 2024).
Support, Risk & Stop-loss for Celo Dollar USD stock
Celo Dollar USD finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0024 between high and low, or 0.236%. For the last week the stock has had daily average volatility of 0.280%.
Our recommended stop-loss: $0.94 (-6.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (CUSDUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Celo Dollar USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.00, which gives a possible trading interval of +/-$0.0032 (+/-0.32%) up or down from last closing price. If Celo Dollar USD takes out the full calculated possible swing range there will be an estimated 0.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.00 (0.01%) than the resistance at $1.00 (0.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Celo Dollar USD stock A Buy?
Celo Dollar USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.515 Hold/Accumulate Downgraded
Predicted Opening Price for Celo Dollar USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $1.00 ( 0.0177%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.218% |
| R2 | 1.00 | 0.128% |
| R1 | 1.00 | 0.0722% |
| Price | 1.00 | |
| S1 | 1.00 | -0.108% |
| S2 | 1.00 | -0.163% |
| S3 | 1.00 | -0.253% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.113% |
| R2 | 1.00 | 0.0551% |
| R1 | 1.00 | 0.0090% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0080% |
| S2 | 1.00 | -0.0100% |
| S3 | 1.00 | -0.0230% |
FAQ
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