Dreamverse USD Stock Forecast
High volatility in Dreamverse USD stock price on Thursday which ended trading at $0.0010
(Updated on Jun 27, 2024)
The Dreamverse USD stock price gained 4.28% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0010 to $0.0010. During the last trading day the stock fluctuated 47.71% from a day low at $0.0010 to a day high of $0.0014. The price has fallen in 6 of the last 10 days but is still up by 10.7% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 40 thousand shares were bought and sold for approximately $41.40 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -11.78% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0013 at the end of this 3-month period.
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DVUSD Signals & Forecast
The Dreamverse USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0010 and $0.0010. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.28%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dreamverse USD stock
Dreamverse USD finds support from accumulated volume at $0.0010 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 $0.0005 between high and low, or 47.71%. For the last week the stock has had daily average volatility of 78.02%.
Our recommended stop-loss: $0.0010 (-4.01%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (DVUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Dreamverse USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0013, which gives a possible trading interval of +/-$0.0003 (+/-26.55%) up or down from last closing price. If Dreamverse USD takes out the full calculated possible swing range there will be an estimated 53.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0011 (2.54%) than the support at $0.0010 (4.10%), 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 Dreamverse USD stock A Buy?
Dreamverse 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: 0.518 Hold/Accumulate Unchanged
Predicted Opening Price for Dreamverse USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0012 ( 12.43%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DVUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0016 | 58.14% |
| R2 | 0.0014 | 40.68% |
| R1 | 0.0013 | 29.89% |
| Price | 0.0010 | |
| S1 | 0.0010 | -5.02% |
| S2 | 0.0009 | -15.81% |
| S3 | 0.0007 | -33.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0012 | 19.14% |
| R2 | 0.0011 | 4.49% |
| R1 | 0.0011 | 2.54% |
| Price | 0.0010 | |
| S1 | 0.0010 | -4.10% |
| S2 | 0.0009 | -9.67% |
| S3 | 0.0009 | -15.92% |
FAQ
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