Euda Health Holdings Limited Stock Forecast
Euda Health Holdings Limited stock price ended at $0.239 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Euda Health Holdings Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.0004% from a day low at $0.239 to a day high of $0.239. The price has risen in 6 of the last 10 days and is up by 16.59% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.236, a level that may pose a second chance to hit a runner. According to fan-theory $0.335 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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EUDAW Signals & Forecast
The Euda Health Holdings Limited 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 $0.203 and $0.230. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Euda Health Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.220 and $0.200. 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, Euda Health Holdings Limited finds support just below today's level at $0.220. If this is broken, then the next support from accumulated volume will be at $0.200 and $0.185.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.000001 between high and low, or 0.0004%. For the last week the stock has had daily average volatility of 7.41%
Our recommended stop-loss: $0.229 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (EUDAW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Euda Health Holdings Limited to open at $0.239, and during the day (based on 14 day Average True Range), to move between $0.214 and $0.264, which gives a possible trading interval of +/-$0.0247 (+/-10.35%) up or down from last closing price. If Euda Health Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.220 (7.95%) than the resistance at $0.270 (12.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Euda Health Holdings Limited stock A Buy?
Euda Health Holdings Limited 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 Euda Health Holdings Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.239 ( 0.0001%) | $0.239 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUDAW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.239 | 0.0003% |
R2 | 0.239 | 0.0001% |
R1 | 0.239 | 0.00002036% |
Price | 0.239 | |
S1 | 0.239 | -0.0003% |
S2 | 0.239 | -0.0004% |
S3 | 0.239 | -0.0006% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.270 | 12.97% |
Price | 0.239 | |
S1 | 0.220 | -7.95% |
S2 | 0.200 | -16.36% |
S3 | 0.185 | -22.59% |
FAQ
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