EduCoin USD Stock Forecast
EduCoin USD stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Jun 17, 2024)
No changes to the price of EduCoin USD stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.708 to a day high of $0.708. The price has fallen in 6 of the last 10 days and is down by -7.54% for this period.
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 -21.63% during the next 3 months and, with a 90% probability hold a price between $0.276 and $0.81 at the end of this 3-month period.
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EDUUSD Signals & Forecast
There are mixed signals in the stock today. The EduCoin 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 $0.756. On a fall, the stock will find some support from the short-term average at $0.705. 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 Sunday, June 16, 2024, and so far it has fallen 0%. 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). 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 EduCoin USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.646 and $0.574. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EduCoin USD finds support just below today's level at $0.646. If this is broken, then the next support from accumulated volume will be at $0.574 and $0.545.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 6.74%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDUUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect EduCoin USD to open at $0.708, and during the day (based on 14 day Average True Range), to move between $0.634 and $0.781, which gives a possible trading interval of +/-$0.0737 (+/-10.42%) up or down from last closing price. If EduCoin USD takes out the full calculated possible swing range there will be an estimated 20.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.646 (8.67%) than the resistance at $0.85 (20.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EduCoin USD stock A Buy?
EduCoin USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell to a Strong Sell candidate.
Current score: -5.654 Strong Sell Candidate Downgraded
Predicted Opening Price for EduCoin USD of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.708 ( 0.00000000%) | $0.708 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDUUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.708 | 0.00000000% |
R2 | 0.708 | 0.00000000% |
R1 | 0.708 | 0.00000000% |
Price | 0.708 | |
S1 | 0.708 | 0.00000000% |
S2 | 0.708 | 0.00000000% |
S3 | 0.708 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.88 | 24.60% |
R2 | 0.88 | 24.41% |
R1 | 0.85 | 20.69% |
Price | 0.708 | |
S1 | 0.646 | -8.67% |
S2 | 0.574 | -18.82% |
S3 | 0.545 | -22.98% |
FAQ
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