Demole USD Stock Forecast
Demole USD stock upgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)
The Demole USD stock price gained 0.503% on the last trading day (Thursday, 20th Jun 2024), rising from $0.0004 to $0.0004. During the last trading day the stock fluctuated 1.01% from a day low at $0.0004 to a day high of $0.0004. The price has risen in 7 of the last 10 days and is up by 14.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $5.73 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0004 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -38.24% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0003 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DMLGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 14.94%. 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). Demole USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Demole USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0004. On a fall, the stock will find some support from the short-term average at $0.0004. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Demole USD stock
Demole USD finds support from accumulated volume at $0.0004 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.000004 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: $0.0004 (-4.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (DMLGUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Demole USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00003371 (+/-8.43%) up or down from last closing price. If Demole USD takes out the full calculated possible swing range there will be an estimated 16.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (3.00%) than the support at $0.0004 (3.75%), 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 Demole USD stock A Buy?
Demole USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.470 Hold/Accumulate Upgraded
Predicted Opening Price for Demole USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0004 ( 0%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DMLGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0004 | 1.00% |
| R2 | 0.0004 | 0.618% |
| R1 | 0.0004 | 0.382% |
| Price | 0.0004 | |
| S1 | 0.0004 | -0.382% |
| S2 | 0.0004 | -0.618% |
| S3 | 0.0004 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0005 | 23.75% |
| R2 | 0.0004 | 11.75% |
| R1 | 0.0004 | 3.00% |
| Price | 0.0004 | |
| S1 | 0.0004 | -3.75% |
| S2 | 0.0004 | -8.00% |
| S3 | 0.0003 | -13.00% |
FAQ
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