DuckDaoDime USD Stock Forecast

DuckDaoDime USD stock price ended at $0.229 on Saturday, after gaining 0.131%.
(Updated on Jun 29, 2024)

DDIMUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.50%. 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 DuckDaoDime 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 $0.230 and $0.238. 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.

Support, Risk & Stop-loss for DuckDaoDime USD stock

DuckDaoDime USD finds support from accumulated volume at $0.227 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 $0.0011 between high and low, or 0.476%. For the last week the stock has had daily average volatility of 1.43%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DDIMUSD) For The Upcoming Trading Day Of Sunday 30th

For the upcoming trading day on Sunday, 30th we expect DuckDaoDime USD to open at $0.229, and during the day (based on 14 day Average True Range), to move between $0.225 and $0.234, which gives a possible trading interval of +/-$0.0044 (+/-1.93%) up or down from last closing price. If DuckDaoDime USD takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.227 (1.11%) than the resistance at $0.233 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DuckDaoDime USD stock A Buy?

The DuckDaoDime USD stock holds several negative signals and despite the positive trend, we believe DuckDaoDime USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.718 Sell Candidate Unchanged

Predicted Opening Price for DuckDaoDime USD of Sunday, June 30, 2024

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