Digital Swiss Franc USD Stock Forecast

Digital Swiss Franc USD stock downgraded to Sell Candidate
(Updated on Jun 20, 2024)

DSFRUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Digital Swiss Franc 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 $0.0037. On a fall, the stock will find some support from the short-term average at $0.0037. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.136%. 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). Digital Swiss Franc USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 11, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Digital Swiss Franc USD stock

Digital Swiss Franc USD finds support from accumulated volume at $0.0037 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.000011 between high and low, or 0.299%. For the last week the stock has had daily average volatility of 0.185%.

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

Trading Expectations (DSFRUSD) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Digital Swiss Franc USD to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0037 and $0.0037, which gives a possible trading interval of +/-$0.00000689 (+/-0.19%) up or down from last closing price. If Digital Swiss Franc USD takes out the full calculated possible swing range there will be an estimated 0.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0037 (0.03%) than the resistance at $0.0037 (0.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Digital Swiss Franc USD stock A Buy?

The Digital Swiss Franc USD stock holds several negative signals and despite the positive trend, we believe Digital Swiss Franc USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.548 Sell Candidate Downgraded

Predicted Opening Price for Digital Swiss Franc USD of Friday, June 21, 2024

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