FEG Token USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
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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