Behodler USD Stock Forecast
Strong day for Behodler USD stock price on Friday rising 15.54% to $0.0795
(Updated on Jun 28, 2024)
The Behodler USD stock price gained 15.54% on the last trading day (Friday, 28th Jun 2024), rising from $0.0688 to $0.0795. It has now gained 4 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 0.438% from a day low at $0.0792 to a day high of $0.0795. The price has risen in 6 of the last 10 days and is up by 15.8% 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, 3 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $292.60 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0837 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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EYEUSD Signals & Forecast
The Behodler USD 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 $0.0662 and $0.0775. A breakdown below any of these levels will issue sell signals. Behodler 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. 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 Saturday, May 25, 2024, and so far it has fallen -21.41%. 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).
Support, Risk & Stop-loss for Behodler USD stock
Behodler USD finds support from accumulated volume at $0.0791 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 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 $0.0003 between high and low, or 0.438%. For the last week, the stock has had daily average volatility of 4.73%.
Our recommended stop-loss: $0.0748 (-5.98%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (EYEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Behodler USD to open at $0.0794, and during the day (based on 14 day Average True Range), to move between $0.0731 and $0.0860, which gives a possible trading interval of +/-$0.0065 (+/-8.11%) up or down from last closing price. If Behodler USD takes out the full calculated possible swing range there will be an estimated 16.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0791 (0.50%) than the resistance at $0.0867 (9.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Behodler 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 Strong Sell to a Buy candidate.
Current score: 1.701 Buy Candidate Upgraded
Predicted Opening Price for Behodler USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0794 ( 0.145%) | $0.0795 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EYEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0798 | 0.291% |
| R2 | 0.0796 | 0.124% |
| R1 | 0.0795 | 0.0212% |
| Price | 0.0795 | |
| S1 | 0.0793 | -0.312% |
| S2 | 0.0792 | -0.415% |
| S3 | 0.0791 | -0.582% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0950 | 19.51% |
| R2 | 0.0883 | 11.02% |
| R1 | 0.0867 | 9.07% |
| Price | 0.0795 | |
| S1 | 0.0791 | -0.503% |
| S2 | 0.0687 | -13.64% |
| S3 | 0.0605 | -23.92% |
FAQ
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