Ethereum Name Service USD Stock Forecast
Green day on Friday for Ethereum Name Service USD
(Updated on Jun 28, 2024)
The Ethereum Name Service USD stock price gained 2.45% on the last trading day (Friday, 28th Jun 2024), rising from $26.24 to $26.88. During the last trading day the stock fluctuated 8.01% from a day low at $26.66 to a day high of $28.80. The price has been going up and down for this period, and there has been a 19.9% 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, 82 million more shares were traded than the day before. In total, 226 million shares were bought and sold for approximately $6.08 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.90% during the next 3 months and, with a 90% probability hold a price between $27.37 and $42.23 at the end of this 3-month period.
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ENSUSD Signals & Forecast
The Ethereum Name Service 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 $24.87 and $24.02. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Saturday, June 01, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ethereum Name Service USD stock
Ethereum Name Service USD finds support from accumulated volume at $26.18 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.13 between high and low, or 8.01%. For the last week, the stock has had daily average volatility of 10.04%.
Our recommended stop-loss: $25.36 (-5.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 75 days ago.)
Trading Expectations (ENSUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Ethereum Name Service USD to open at $27.45, and during the day (based on 14 day Average True Range), to move between $24.48 and $29.29, which gives a possible trading interval of +/-$2.41 (+/-8.95%) up or down from last closing price. If Ethereum Name Service USD takes out the full calculated possible swing range there will be an estimated 17.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.18 (2.61%) than the resistance at $27.63 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ethereum Name Service USD stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ethereum Name Service USD stock to perform well in the short-term.
Current score: 2.526 Buy Candidate Unchanged
Predicted Opening Price for Ethereum Name Service USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$27.45 ( 2.11%) | $26.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENSUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 29.58 | 10.05% |
R2 | 28.77 | 7.01% |
R1 | 28.26 | 5.14% |
Price | 26.88 | |
S1 | 26.63 | -0.93% |
S2 | 26.13 | -2.80% |
S3 | 25.31 | -5.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 27.63 | 2.78% |
Price | 26.88 | |
S1 | 26.18 | -2.61% |
S2 | 26.17 | -2.66% |
S3 | 22.18 | -17.49% |
FAQ
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