Dinastycoin USD Stock Forecast

High volatility in Dinastycoin USD stock price on Friday which ended trading at $0.0006
(Updated on Jun 28, 2024)

DCYUSD Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.26%. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Dinastycoin 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 $0.0006 and $0.0006. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Dinastycoin USD stock

Dinastycoin USD finds support from accumulated volume at $0.0006 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0002 between high and low, or 40.90%. For the last week the stock has had daily average volatility of 17.36%.

Our recommended stop-loss: $0.0006 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 70 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect Dinastycoin USD to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0007, which gives a possible trading interval of +/-$0.00004106 (+/-6.56%) up or down from last closing price. If Dinastycoin USD takes out the full calculated possible swing range there will be an estimated 13.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0006 (1.28%) than the support at $0.0006 (3.67%), 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 Dinastycoin USD stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.831 Buy Candidate Upgraded

Predicted Opening Price for Dinastycoin USD of Saturday, June 29, 2024

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