Coinary Token USD Stock Forecast
Green day on Tuesday for Coinary Token USD stock after gaining 2.91%
(Updated on Jun 25, 2024)
The Coinary Token USD stock price gained 2.91% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0014 to $0.0015. During the last trading day the stock fluctuated 1.99% from a day low at $0.0015 to a day high of $0.0015. The price has been going up and down for this period, and there has been a 2.7% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 224 shares were bought and sold for approximately $0.332 . 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 in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.24% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0014 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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CYTUSD Signals & Forecast
The Coinary Token USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0015 and $0.0015. A breakdown below any of these levels will issue sell signals. 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, June 16, 2024, and so far it has fallen -9.19%. 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 Coinary Token USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0014 and $0.0014. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coinary Token USD finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0014.
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 $0.000029 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CYTUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Coinary Token USD to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0015, which gives a possible trading interval of +/-$0.00006435 (+/-4.34%) up or down from last closing price. If Coinary Token USD takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0014 (5.39%) than the resistance at $0.0016 (9.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coinary Token USD stock A Buy?
Coinary Token USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.305 Sell Candidate Unchanged
Predicted Opening Price for Coinary Token USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0015 ( 0.517%) | $0.0015 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0015 | 1.44% |
| R2 | 0.0015 | 0.692% |
| R1 | 0.0015 | 0.230% |
| Price | 0.0015 | |
| S1 | 0.0015 | -1.26% |
| S2 | 0.0015 | -1.73% |
| S3 | 0.0014 | -2.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0018 | 24.54% |
| R2 | 0.0016 | 10.11% |
| R1 | 0.0016 | 9.10% |
| Price | 0.0015 | |
| S1 | 0.0014 | -5.39% |
| S2 | 0.0014 | -5.46% |
| S3 | 0.0014 | -6.61% |
FAQ
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