Daisy Launch Pad USD Stock Forecast

Green day on Tuesday for Daisy Launch Pad USD stock after gaining 0.0325%
(Updated on Jun 25, 2024)

DAISYUSD Signals & Forecast

The Daisy Launch Pad 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 $0.334 and $0.251. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2,205.57%. Further rise is indicated until a new top pivot has been found. 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. 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 Wednesday, June 19, 2024 in the short-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.

Buy

Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, June 19, 2024 in the short-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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 with a target of $0.0183. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Daisy Launch Pad USD stock

Daisy Launch Pad USD finds support from accumulated volume at $0.380 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0004 between high and low, or 0.103%. For the last week the stock has had daily average volatility of 1.14%

The Daisy Launch Pad USD stock is extremely overbought on RSI14 (100). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $0.390 (-2.50%) (This stock has low daily movements and this gives low risk. The RSI14 is 100 and this increases the risk substantially. There is a buy signal from a pivot bottom found 141 days ago.)

Trading Expectations (DAISYUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Daisy Launch Pad USD to open at $0.400, and during the day (based on 14 day Average True Range), to move between $0.390 and $0.410, which gives a possible trading interval of +/-$0.0102 (+/-2.56%) up or down from last closing price. If Daisy Launch Pad USD takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.380, some $0.0199 (4.98%) from the current price of $0.400, our system finds the risk reward attractive.

Is Daisy Launch Pad USD stock A Buy?

Daisy Launch Pad 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Daisy Launch Pad USD of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.