EveryCoin USD Stock Forecast
High volatility in EveryCoin USD stock price on Wednesday which ended trading at $0.000013
(Updated on Jul 03, 2024)
The EveryCoin USD stock price gained 8.33% on the last trading day (Wednesday, 3rd Jul 2024), rising from $0.000012 to $0.000013. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 62.50% from a day low at $0.000008 to a day high of $0.000013. The price has risen in 6 of the last 10 days and is up by 85.71% 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, 68 more shares were traded than the day before. In total, 950 shares were bought and sold for approximately $0.0124 .
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 $0.00001012, a level that may pose a second chance to hit a runner. According to fan-theory $0.00001520 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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EVYUSD Signals & Forecast
Mostly positive signals in the chart today. The EveryCoin USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.000009 and $0.00000793. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 30, 2024, and so far it has risen 85.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). EveryCoin 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.
A buy signal from a double bottom formation was found on Thursday, June 27, 2024 with a target of $0.0000075. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for EveryCoin USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.000012 and $0.000011. 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, EveryCoin USD finds support just below today's level at $0.000012. If this is broken, then the next support from accumulated volume will be at $0.000011 and $0.00001.
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 $0.000005 between high and low, or 62.50%. For the last week, the stock has had daily average volatility of 64.64%.
Our recommended stop-loss: $0.00001251 (-3.74%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (EVYUSD) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect EveryCoin USD to open at $0.00001133, and during the day (based on 14 day Average True Range), to move between $0.00000995 and $0.00001605, which gives a possible trading interval of +/-$0.00000305 (+/-23.44%) up or down from last closing price. If EveryCoin USD takes out the full calculated possible swing range there will be an estimated 46.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.000012, some $0.000001 (7.69%) from the current price of $0.000013, our system finds the risk reward attractive.
Is EveryCoin USD stock A Buy?
EveryCoin USD holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period.
Current score: 6.250 Strong Buy Candidate Unchanged
Predicted Opening Price for EveryCoin USD of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $0.00001133 ( 12.82%) | $0.000013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001633 | 25.64% |
| R2 | 0.00001442 | 10.95% |
| R1 | 0.00001324 | 1.87% |
| Price | 0.000013 | |
| S1 | 0.00000942 | -27.51% |
| S2 | 0.00000824 | -36.59% |
| S3 | 0.00000633 | -51.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.000013 | |
| S1 | 0.000012 | -7.69% |
| S2 | 0.000011 | -15.38% |
| S3 | 0.00001 | -23.08% |
FAQ
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