Die Protocol USD Stock Forecast

Die Protocol USD stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)

DIEUSD Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -0.252%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The Die Protocol USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.00000016. On a fall, the stock will find some support from the long-term average at approximately $0.00000015. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Die Protocol USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.00000015 and $0.00000014. 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, Die Protocol USD finds support just below today's level at $0.00000015. If this is broken, then the next support from accumulated volume will be at $0.00000014 and $0.00000013.

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 $0.00000000 between high and low, or 0.254%. For the last week the stock has had daily average volatility of 0.218%

The Die Protocol USD stock is extremely overbought on RSI14 (95). This increases the short-term risk substantially.

Our recommended stop-loss: $0.00000015 (-3.41%) (This stock has low daily movements and this gives low risk. The RSI14 is 95 and this increases the risk substantially. There is a sell signal from a pivot top found 82 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect Die Protocol USD to open at $0.00000016, and during the day (based on 14 day Average True Range), to move between $0.00000015 and $0.00000016, which gives a possible trading interval of +/-$0.00000001 (+/-3.17%) up or down from last closing price. If Die Protocol USD takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000016 (0.09%) than the support at $0.00000015 (8.65%), 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 Die Protocol USD stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Die Protocol USD stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.840 Buy Candidate Upgraded

Predicted Opening Price for Die Protocol USD of Saturday, June 29, 2024

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