FARM ME USD Stock Forecast
FARM ME USD stock upgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The FARM ME USD stock price fell by -1.82% on the last day (Friday, 28th Jun 2024) from $0.00008562 to $0.00008406. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.79% from a day low at $0.00008 to a day high of $0.00008623. The price has fallen in 7 of the last 10 days and is down by -27.11% 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 -4 thousand shares and in total, 10 thousand shares were bought and sold for approximately $0.86 .
The stock lies in the middle of a very 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 -83.51% during the next 3 months and, with a 90% probability hold a price between $0.00000520 and $0.00002276 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FAMEUSD 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 FARM ME USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.00009016 and $0.0002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -47.90%. 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 FARM ME USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.00007665 and $0.00007664. 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, FARM ME USD finds support just below today's level at $0.00007665. If this is broken, then the next support from accumulated volume will be at $0.00007664 and $0.00007489.
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 $0.00000623 between high and low, or 7.79%. For the last week the stock has had daily average volatility of 14.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FAMEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect FARM ME USD to open at $0.00008343, and during the day (based on 14 day Average True Range), to move between $0.00006050 and $0.0001, which gives a possible trading interval of +/-$0.00002356 (+/-28.03%) up or down from last closing price. If FARM ME USD takes out the full calculated possible swing range there will be an estimated 56.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00008562 (1.86%) than the support at $0.00007665 (8.82%), 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?
FARM ME USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.814 Sell Candidate Upgraded
Predicted Opening Price for FARM ME USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.00008343 ( 0.749%) | $0.00008406 |
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 | 0.00008966 | 6.66% |
| R2 | 0.00008728 | 3.83% |
| R1 | 0.00008581 | 2.08% |
| Price | 0.00008406 | |
| S1 | 0.00008105 | -3.58% |
| S2 | 0.00007958 | -5.33% |
| S3 | 0.0000772 | -8.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.00009913 | 17.93% |
| R1 | 0.00008562 | 1.86% |
| Price | 0.00008406 | |
| S1 | 0.00007665 | -8.82% |
| S2 | 0.00007664 | -8.83% |
| S3 | 0.00007489 | -10.91% |
FAQ
Click here for our free guide on how to buy FARM ME USD Stock.
