Desmos USD Stock Forecast
Red day on Thursday for Desmos USD
(Updated on Jul 04, 2024)
The Desmos USD stock price fell by -4.34% on the last day (Thursday, 4th Jul 2024) from $0.0028 to $0.0026. During the last trading day the stock fluctuated 4.13% from a day low at $0.0026 to a day high of $0.0028. The price has risen in 6 of the last 10 days but is still down by -1.52% for this period. Volume has increased on the last day by 754 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $4.38 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0003, a level that may pose a second chance to hit a runner. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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DSMUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Desmos USD 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 $0.0028 and $0.0036. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -28.35%. Further fall is indicated until a new bottom pivot has been found. Desmos 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.
Support, Risk & Stop-loss for Desmos USD stock
Desmos USD finds support from accumulated volume at $0.0026 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 4.13%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSMUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Desmos USD to open at $0.0027, and during the day (based on 14 day Average True Range), to move between $0.0024 and $0.0029, which gives a possible trading interval of +/-$0.0003 (+/-9.50%) up or down from last closing price. If Desmos USD takes out the full calculated possible swing range there will be an estimated 18.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0026 (1.34%) than the resistance at $0.0027 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Desmos USD stock A Buy?
Desmos USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.500 Strong Sell Candidate Unchanged
Predicted Opening Price for Desmos USD of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.0027 ( 1.38%) | $0.0026 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0028 | 5.51% |
| R2 | 0.0028 | 3.93% |
| R1 | 0.0027 | 2.95% |
| Price | 0.0026 | |
| S1 | 0.0026 | -0.201% |
| S2 | 0.0026 | -1.18% |
| S3 | 0.0026 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0032 | 20.42% |
| R2 | 0.0028 | 4.59% |
| R1 | 0.0027 | 1.54% |
| Price | 0.0026 | |
| S1 | 0.0026 | -1.34% |
| S2 | 0.0026 | -2.30% |
| S3 | 0.0021 | -19.14% |
FAQ
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