Ethereum Meta USD Stock Forecast

Big movements in Ethereum Meta USD stock price on Tuesday moving 110.76% between high and low
(Updated on Jul 02, 2024)

ETHMUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ethereum Meta 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. The Ethereum Meta 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 $0.00000017. On a fall, the stock will find some support from the short-term average at $0.00000006. 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 Thursday, May 23, 2024, and so far it has fallen -88.11%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Saturday, December 16, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Ethereum Meta USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.00000011 and $0.00000010. 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, Ethereum Meta USD finds support just below today's level at $0.00000011. If this is broken, then the next support from accumulated volume will be at $0.00000010 and $0.00000009.

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 $0.00000010 between high and low, or 110.76%. For the last week, the stock has had daily average volatility of 43.15%.

Our recommended stop-loss: $0.00000011 (-5.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (ETHMUSD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Ethereum Meta USD to open at $0.00000014, and during the day (based on 14 day Average True Range), to move between $0.00000005 and $0.00000019, which gives a possible trading interval of +/-$0.00000007 (+/-58.71%) up or down from last closing price. If Ethereum Meta USD takes out the full calculated possible swing range there will be an estimated 117.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000012 (2.28%) than the support at $0.00000011 (7.32%), 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 Ethereum Meta USD stock A Buy?

Ethereum Meta 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ethereum Meta USD of Wednesday, July 3, 2024

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