Dimecoin Stock Forecast

Stronger technical forecast for Dimecoin stock price after Friday trading.
(Updated on Jun 28, 2024)

DIMEUSD Signals & Forecast

There are mixed signals in the stock today. The Dimecoin 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 $0.00003414 and $0.00003626. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.03%. 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).

Support, Risk & Stop-loss for Dimecoin stock

Dimecoin finds support from accumulated volume at $0.000033 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 $0.000001 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 3.64%.

Our recommended stop-loss: $0.00003202 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect Dimecoin to open at $0.00003433, and during the day (based on 14 day Average True Range), to move between $0.00003291 and $0.00003509, which gives a possible trading interval of +/-$0.00000109 (+/-3.21%) up or down from last closing price. If Dimecoin takes out the full calculated possible swing range there will be an estimated 6.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000035 (2.94%) than the support at $0.000033 (2.94%), 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 Dimecoin 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 Dimecoin 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: 1.202 Buy Candidate Upgraded

Predicted Opening Price for Dimecoin of Saturday, June 29, 2024

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