EverMoon USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
EverMoon USD stock price ended at $0.0015 on Friday, after losing 2.91%.
(Updated on Jun 28, 2024)
The EverMoon USD stock price fell by -2.91% on the last day (Friday, 28th Jun 2024) from $0.0015 to $0.0015. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 6.09% from a day low at $0.0015 to a day high of $0.0016. The price has fallen in 6 of the last 10 days and is down by -29.79% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -50 thousand shares and in total, 8 thousand shares were bought and sold for approximately $11.60 .
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0010 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.68% during the next 3 months and, with a 90% probability hold a price between $0.0015 and $0.0060 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EVERMOONUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The EverMoon USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0022 and $0.0016. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -63.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for EverMoon USD stock
EverMoon USD finds support from accumulated volume at $0.0014 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000089 between high and low, or 6.09%. For the last week the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVERMOONUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect EverMoon USD to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0019, which gives a possible trading interval of +/-$0.0004 (+/-26.49%) up or down from last closing price. If EverMoon USD takes out the full calculated possible swing range there will be an estimated 52.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0015 (3.00%) than the support at $0.0014 (4.02%), 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 EverMoon USD stock A Buy?
The EverMoon USD stock holds several negative signals and despite the positive trend, we believe EverMoon USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.321 Sell Candidate Unchanged
Predicted Opening Price for EverMoon USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0015 ( 1.75%) | $0.0015 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVERMOONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0016 | 7.81% |
| R2 | 0.0015 | 5.50% |
| R1 | 0.0015 | 4.06% |
| Price | 0.0015 | |
| S1 | 0.0015 | -0.568% |
| S2 | 0.0014 | -2.00% |
| S3 | 0.0014 | -4.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0017 | 14.92% |
| R2 | 0.0016 | 11.44% |
| R1 | 0.0015 | 3.00% |
| Price | 0.0015 | |
| S1 | 0.0014 | -4.02% |
| S2 | 0.0012 | -20.50% |
| S3 | 0.0012 | -21.39% |
FAQ
Click here for our free guide on how to buy EverMoon USD Stock.
