Equilibrium USD Stock Forecast
Big movements in Equilibrium USD stock price on Friday moving 11.11% between high and low
(Updated on Jun 28, 2024)
The Equilibrium USD stock price gained 7.41% on the last trading day (Friday, 28th Jun 2024), rising from $0.000027 to $0.000029. During the last trading day the stock fluctuated 11.11% from a day low at $0.000027 to a day high of $0.00003. The price has fallen in 5 of the last 10 days but is still up by 16% over the past 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, 44 thousand shares were bought and sold for approximately $1.28 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.00003103 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -44.77% during the next 3 months and, with a 90% probability hold a price between $0.00000776 and $0.00001714 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EQUSD Signals & Forecast
The Equilibrium 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 $0.00002486 and $0.00002806. A breakdown below any of these levels will issue sell signals. Equilibrium 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. 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 Monday, June 10, 2024, and so far it has fallen -19.44%. 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).
Support, Risk & Stop-loss for Equilibrium USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.000027 and $0.000026. 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, Equilibrium USD finds support just below today's level at $0.000027. If this is broken, then the next support from accumulated volume will be at $0.000026 and $0.000024.
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 11.11%. For the last week, the stock has had daily average volatility of 23.27%.
Our recommended stop-loss: $0.00002726 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 103 days ago.)
Trading Expectations (EQUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Equilibrium USD to open at $0.00002867, and during the day (based on 14 day Average True Range), to move between $0.00002658 and $0.00003142, which gives a possible trading interval of +/-$0.00000242 (+/-8.35%) up or down from last closing price. If Equilibrium USD takes out the full calculated possible swing range there will be an estimated 16.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000031 (6.90%) than the support at $0.000027 (6.90%), 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 Equilibrium USD stock A Buy?
Equilibrium 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.317 Hold/Accumulate Upgraded
Predicted Opening Price for Equilibrium USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.00002867 ( 1.15%) | $0.000029 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00003167 | 9.20% |
| R2 | 0.00003052 | 5.24% |
| R1 | 0.00002981 | 2.80% |
| Price | 0.000029 | |
| S1 | 0.00002752 | -5.10% |
| S2 | 0.00002681 | -7.54% |
| S3 | 0.00002567 | -11.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000036 | 24.14% |
| R2 | 0.000033 | 13.79% |
| R1 | 0.000031 | 6.90% |
| Price | 0.000029 | |
| S1 | 0.000027 | -6.90% |
| S2 | 0.000026 | -10.34% |
| S3 | 0.000024 | -17.24% |
FAQ
Click here for our free guide on how to buy Equilibrium USD Stock.
