Grayscale Filecoin Trust (fil) Trust Forecast
Green day on Friday for Grayscale Filecoin Trust (fil)
(Updated on Jun 28, 2024)
The Grayscale Filecoin Trust (fil) trust price gained 0.438% on the last trading day (Friday, 28th Jun 2024), rising from $79.90 to $80.25. During the last trading day the trust fluctuated 0% from a day low at $80.25 to a day high of $80.25. The price has been going up and down for this period, and there has been a -23.57% loss for the last 2 weeks. Volume fell on the last day by -2 shares and in total, 100 shares were bought and sold for approximately $8.03 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The trust lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. 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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FILG Signals & Forecast
There are mixed signals in the trust today. The Grayscale Filecoin Trust (fil) trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $97.61. On a fall, the trust will find some support from the short-term average at $79.78. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 14.64%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Grayscale Filecoin Trust (fil) trust
Grayscale Filecoin Trust (fil) finds support from accumulated volume at $80.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust may move very much during the day (volatility) and with periodic low trading volume this trust is considered to be "very high risk". During the last day, the trust moved $0 between high and low, or 0%. For the last week the trust has had daily average volatility of 5.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FILG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Grayscale Filecoin Trust (fil) to open at $80.25, and during the day (based on 14 day Average True Range), to move between $67.70 and $92.80, which gives a possible trading interval of +/-$12.55 (+/-15.64%) up or down from last closing price. If Grayscale Filecoin Trust (fil) takes out the full calculated possible swing range there will be an estimated 31.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.00 (0.31%) than the resistance at $85.00 (5.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grayscale Filecoin Trust (fil) trust A Buy?
Grayscale Filecoin Trust (fil) 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 trust.
Current score: -4.843 Sell Candidate Unchanged
Predicted Opening Price for Grayscale Filecoin Trust (fil) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $80.25 ( 0%) | $80.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FILG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.25 | - |
| R2 | 80.25 | - |
| R1 | 80.25 | - |
| Price | 80.25 | |
| S1 | 80.25 | - |
| S2 | 80.25 | - |
| S3 | 80.25 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.00 | 24.61% |
| R2 | 95.00 | 18.38% |
| R1 | 85.00 | 5.92% |
| Price | 80.25 | |
| S1 | 80.00 | -0.312% |
| S2 | 75.00 | -6.54% |
| S3 | 65.01 | -18.99% |
FAQ
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