EXMO Coin USD Stock Forecast
Big movements in EXMO Coin USD stock price on Friday moving 13.40% between high and low
(Updated on Jun 28, 2024)
The EXMO Coin USD stock price fell by -1.01% on the last day (Friday, 28th Jun 2024) from $0.0091 to $0.0090. During the last trading day the stock fluctuated 13.40% from a day low at $0.0080 to a day high of $0.0091. The price has risen in 6 of the last 10 days but is still down by -2.04% 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 -2 thousand shares and in total, 29 thousand shares were bought and sold for approximately $257.60 .
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.95% during the next 3 months and, with a 90% probability hold a price between $0.0071 and $0.0085 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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EXMUSD Signals & Forecast
The EXMO Coin 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 $0.0089 and $0.0089. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.58%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 EXMO Coin USD stock
EXMO Coin USD finds support from accumulated volume at $0.0090 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.0011 between high and low, or 13.40%. For the last week the stock has had daily average volatility of 8.30%.
Our recommended stop-loss: $0.0087 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (EXMUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect EXMO Coin USD to open at $0.0087, and during the day (based on 14 day Average True Range), to move between $0.0085 and $0.0096, which gives a possible trading interval of +/-$0.0006 (+/-6.40%) up or down from last closing price. If EXMO Coin USD takes out the full calculated possible swing range there will be an estimated 12.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0090 (0.76%) than the resistance at $0.0092 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EXMO Coin USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.802 Buy Candidate Upgraded
Predicted Opening Price for EXMO Coin USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0087 ( 3.34%) | $0.0090 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0098 | 8.59% |
| R2 | 0.0094 | 4.03% |
| R1 | 0.0091 | 1.22% |
| Price | 0.0090 | |
| S1 | 0.0083 | -7.90% |
| S2 | 0.0081 | -10.71% |
| S3 | 0.0076 | -15.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0104 | 15.44% |
| R2 | 0.0092 | 2.38% |
| R1 | 0.0092 | 1.84% |
| Price | 0.0090 | |
| S1 | 0.0090 | -0.764% |
| S2 | 0.0088 | -2.14% |
| S3 | 0.0087 | -3.61% |
FAQ
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