Elysian USD Stock Forecast

Red day on Friday for Elysian USD stock after losing 0%
(Updated on Jun 28, 2024)

ELSUSD Signals & Forecast

Mostly positive signals in the chart today. The Elysian 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 $0.0016 and $0.0017. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 43.20%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Elysian USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0018 and $0.0016. 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, Elysian USD finds support just below today's level at $0.0018. If this is broken, then the next support from accumulated volume will be at $0.0016 and $0.0016.

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 $0.000003 between high and low, or 0.158%. For the last week, the stock has had daily average volatility of 16.28%.

Our recommended stop-loss: $0.0018 (-3.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect Elysian USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0022, which gives a possible trading interval of +/-$0.0003 (+/-14.63%) up or down from last closing price. If Elysian USD takes out the full calculated possible swing range there will be an estimated 29.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0018 (5.06%) than the resistance at $0.0021 (8.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Elysian 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.

Current score: 1.932 Buy Candidate Unchanged

Predicted Opening Price for Elysian USD of Saturday, June 29, 2024

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