Daisy Launch Pad USD Stock Forecast

Stronger technical forecast for Daisy Launch Pad USD stock price after Friday trading.
(Updated on Jun 28, 2024)

DAISYUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 60.62%. 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. The Daisy Launch Pad USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.290 and $0.245. A break-up above any of these levels will issue buy signals. 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.

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 $0.180 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 $0.0003 between high and low, or 0.145%. For the last week the stock has had daily average volatility of 73.25%

Our recommended stop-loss: $0.173 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (DAISYUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Daisy Launch Pad USD to open at $0.180, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.211, which gives a possible trading interval of +/-$0.0312 (+/-17.34%) 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 34.69% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.180, some $0.00005 (0.03%) from the current price of $0.180, our system finds the risk reward attractive.

Is Daisy Launch Pad USD stock A Buy?

Daisy Launch Pad 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Saturday, June 29, 2024

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