DaoVerse USD Stock Forecast
On Thursday, DaoVerse USD stock price gained an impressive 6.67%
(Updated on Jun 20, 2024)
The DaoVerse USD stock price gained 6.67% on the last trading day (Thursday, 20th Jun 2024), rising from $0.000015 to $0.000016. During the last trading day the stock fluctuated 0% from a day low at $0.000016 to a day high of $0.000016. The price has been going up and down for this period, and there has been a 6.67% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 127 thousand shares were bought and sold for approximately $2.03 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.98% during the next 3 months and, with a 90% probability hold a price between $0.00001063 and $0.00001615 at the end of this 3-month period.
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DVRSUSD Signals & Forecast
Mostly positive signals in the chart today. The DaoVerse USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.000015 and $0.00001563. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 14.29%. 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). DaoVerse 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.
Support, Risk & Stop-loss for DaoVerse USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.000015 and $0.000014. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.000014 may give a huge drop in the stock price.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0%.
Our recommended stop-loss: $0.00001539 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (DVRSUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect DaoVerse USD to open at $0.000016, and during the day (based on 14 day Average True Range), to move between $0.00001565 and $0.00001635, which gives a possible trading interval of +/-$0.00000035 (+/-2.17%) up or down from last closing price. If DaoVerse USD takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.000015 (6.25%) than the resistance at $0.000017 (6.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DaoVerse USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.215 Buy Candidate Upgraded
Predicted Opening Price for DaoVerse USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.000016 ( 0%) | $0.000016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DVRSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000016 | - |
| R2 | 0.000016 | - |
| R1 | 0.000016 | - |
| Price | 0.000016 | |
| S1 | 0.000016 | - |
| S2 | 0.000016 | - |
| S3 | 0.000016 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000019 | 18.75% |
| R2 | 0.000018 | 12.50% |
| R1 | 0.000017 | 6.25% |
| Price | 0.000016 | |
| S1 | 0.000015 | -6.25% |
| S2 | 0.000014 | -12.50% |
| S3 | 0 | - |
FAQ
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