ETHPad USD Stock Forecast
ETHPad USD stock price down 0.96% on Friday
(Updated on Jun 28, 2024)
The ETHPad USD stock price fell by -0.96% on the last day (Friday, 28th Jun 2024) from $0.0027 to $0.0027. During the last trading day the stock fluctuated 9.22% from a day low at $0.0026 to a day high of $0.0028. The price has fallen in 6 of the last 10 days and is down by -4.82% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 104 thousand shares were bought and sold for approximately $278.22 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0024 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -41.68% during the next 3 months and, with a 90% probability hold a price between $0.0014 and $0.0027 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.
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ETHPADUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 5.60%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ETHPad USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0028 and $0.0034. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ETHPad USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ETHPad USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0025. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0002 between high and low, or 9.22%. For the last week, the stock has had daily average volatility of 12.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETHPADUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect ETHPad USD to open at $0.0027, and during the day (based on 14 day Average True Range), to move between $0.0024 and $0.0030, which gives a possible trading interval of +/-$0.0003 (+/-12.40%) up or down from last closing price. If ETHPad USD takes out the full calculated possible swing range there will be an estimated 24.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0025 (5.31%) than the resistance at $0.0028 (5.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ETHPad USD stock A Buy?
ETHPad USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.696 Sell Candidate Unchanged
Predicted Opening Price for ETHPad USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0027 ( 0.372%) | $0.0027 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETHPADUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0029 | 9.23% |
| R2 | 0.0028 | 5.85% |
| R1 | 0.0028 | 3.76% |
| Price | 0.0027 | |
| S1 | 0.0026 | -3.01% |
| S2 | 0.0025 | -5.10% |
| S3 | 0.0025 | -8.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0032 | 20.44% |
| R2 | 0.0031 | 14.22% |
| R1 | 0.0028 | 5.55% |
| Price | 0.0027 | |
| S1 | 0.0025 | -5.31% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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