Ducato Finance Token USD Stock Forecast

Red day on Friday for Ducato Finance Token USD
(Updated on Jun 28, 2024)

DUCATOUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ducato Finance Token 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Ducato Finance Token USD stock

Ducato Finance Token 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000001 between high and low, or 0.244%. For the last week the stock has had daily average volatility of 0.0978%.

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

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

For the upcoming trading day on Saturday, 29th we expect Ducato Finance Token USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-25.92%) up or down from last closing price. If Ducato Finance Token USD takes out the full calculated possible swing range there will be an estimated 51.83% 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 (0.24%) than the support at $0.0004 (2.20%), 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 Ducato Finance Token USD stock A Buy?

Ducato Finance Token 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: -2.772 Sell Candidate Unchanged

Predicted Opening Price for Ducato Finance Token USD of Saturday, June 29, 2024

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