DeathRoad USD Stock Forecast

Red day on Tuesday for DeathRoad USD stock after losing 0%
(Updated on Jun 18, 2024)

DRACEUSD Signals & Forecast

The DeathRoad 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 $0.00001329. On a fall, the stock will find some support from the long-term average at approximately $0.00001294. 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. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Sunday, April 07, 2024, and so far it has fallen -31.58%. 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).

Support, Risk & Stop-loss for DeathRoad USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.000012 and $0.000011. 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, DeathRoad USD finds support just below today's level at $0.000012. If this is broken, then the next support from accumulated volume will be at $0.000011 and $0.00001.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: $0.00001222 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 86 days ago.)

Trading Expectations (DRACEUSD) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect DeathRoad USD to open at $0.000013, and during the day (based on 14 day Average True Range), to move between $0.00001283 and $0.00001317, which gives a possible trading interval of +/-$0.00000017 (+/-1.31%) up or down from last closing price. If DeathRoad USD takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.000012 (7.69%) than the resistance at $0.000014 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DeathRoad USD stock A Buy?

DeathRoad 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.

Current score: 0.642 Hold/Accumulate Unchanged

Predicted Opening Price for DeathRoad USD of Wednesday, June 19, 2024

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