FEG Token USD Stock Forecast
On Friday, FEG Token USD stock price gained an impressive 7.59%
(Updated on Jun 28, 2024)
The FEG Token USD stock price gained 7.59% on the last trading day (Friday, 28th Jun 2024), rising from $0.0004 to $0.0004. During the last trading day the stock fluctuated 3.57% from a day low at $0.0004 to a day high of $0.0004. The price has been going up and down for this period, and there has been a -3.95% loss 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, 2 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $8.56 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0004 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.94% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 at the end of this 3-month period.
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FEGUSD Signals & Forecast
There are mixed signals in the stock today. The FEG Token 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 $0.0004 and $0.0006. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 7.59%. 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). FEG Token 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 FEG Token USD stock
FEG Token USD finds support from accumulated volume at $0.0004 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 $0.00001383 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 7.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEGUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect FEG Token USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0004, which gives a possible trading interval of +/-$0.00005302 (+/-13.41%) up or down from last closing price. If FEG Token USD takes out the full calculated possible swing range there will be an estimated 26.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0004 (1.71%) than the resistance at $0.0004 (3.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FEG Token USD stock A Buy?
FEG Token USD holds several negative signals and we believe that 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: -4.097 Sell Candidate Upgraded
Predicted Opening Price for FEG Token USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0004 ( 0.168%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEGUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0004 | 3.33% |
R2 | 0.0004 | 1.99% |
R1 | 0.0004 | 1.17% |
Price | 0.0004 | |
S1 | 0.0004 | -1.50% |
S2 | 0.0004 | -2.33% |
S3 | 0.0004 | -3.66% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0005 | 21.64% |
R2 | 0.0004 | 4.12% |
R1 | 0.0004 | 3.69% |
Price | 0.0004 | |
S1 | 0.0004 | -1.71% |
S2 | 0.0004 | -7.06% |
S3 | 0 | - |
FAQ
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