FARM ME USD Stock Forecast
On Tuesday, FARM ME USD stock price gained an impressive 153.73%
(Updated on Jul 02, 2024)
The FARM ME USD stock price gained 153.73% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0001 to $0.0003. During the last trading day the stock fluctuated 2.93% from a day low at $0.0003 to a day high of $0.0003. The price has been going up and down for this period, and there has been a 305.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $356.51 .
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 $0.0003 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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FAMEUSD Signals & Forecast
Mostly positive signals in the chart today. The FARM ME 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 $0.0001 and $0.0002. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 330.32%. 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). FARM ME 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.
Support, Risk & Stop-loss for FARM ME USD stock
FARM ME USD finds support from accumulated volume at $0.0003 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 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 $0.0000079 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 14.68%.
Our recommended stop-loss: $0.0003 (-3.64%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 73 days ago.)
Trading Expectations (FAMEUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect FARM ME USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00003316 (+/-12.31%) up or down from last closing price. If FARM ME USD takes out the full calculated possible swing range there will be an estimated 24.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0003 (0.03%) than the support at $0.0003 (3.00%), 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 FARM ME 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 Sell to a Buy candidate.
Current score: 4.875 Buy Candidate Upgraded
Predicted Opening Price for FARM ME USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0003 ( 0.98%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAMEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 3.91% |
| R2 | 0.0003 | 2.79% |
| R1 | 0.0003 | 2.10% |
| Price | 0.0003 | |
| S1 | 0.0003 | -0.143% |
| S2 | 0.0003 | -0.83% |
| S3 | 0.0003 | -1.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0003 | 1.04% |
| R1 | 0.0003 | 0.0260% |
| Price | 0.0003 | |
| S1 | 0.0003 | -3.00% |
| S2 | 0.0003 | -4.42% |
| S3 | 0.0002 | -8.56% |
FAQ
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