Fancy Games USD Stock Forecast
On Friday, Fancy Games USD stock price gained an impressive 15.42%
(Updated on Jun 28, 2024)
The Fancy Games USD stock price gained 15.42% on the last trading day (Friday, 28th Jun 2024), rising from $0.0008 to $0.0010. During the last trading day the stock fluctuated 0.776% from a day low at $0.0010 to a day high of $0.0010. The price has been going up and down for this period, and there has been a 3.28% gain for the last 2 weeks. Volume fell on the last day by -3 shares and in total, 11 shares were bought and sold for approximately $0.0108 . 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 stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fancy Games USD stock with a 90% probability to be traded between $0.0009 and $0.0011 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FNCUSD Signals & Forecast
There are mixed signals in the stock today. The Fancy Games USD stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0010. On a fall, the stock will find some support from the short-term average at $0.0010. 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 Thursday, June 27, 2024, and so far it has risen 15.42%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should go up by 10.80% to $0.0011 within 58 trading days since signal was issued (Saturday, August 24, 2024).
Support, Risk & Stop-loss for Fancy Games USD stock
Fancy Games USD finds support from accumulated volume at $0.0010 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.00000753 between high and low, or 0.776%. For the last week the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $0.0009 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FNCUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Fancy Games USD to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0010, which gives a possible trading interval of +/-$0.00004726 (+/-4.83%) up or down from last closing price. If Fancy Games USD takes out the full calculated possible swing range there will be an estimated 9.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0010 (0.69%) than the resistance at $0.0010 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fancy Games USD stock A Buy?
Fancy Games USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.217 Hold/Accumulate Unchanged
Predicted Opening Price for Fancy Games USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0010 ( 0.257%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0010 | 0.513% |
| R2 | 0.0010 | 0.219% |
| R1 | 0.0010 | 0.0375% |
| Price | 0.0010 | |
| S1 | 0.0010 | -0.551% |
| S2 | 0.0010 | -0.733% |
| S3 | 0.0010 | -1.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 8.23% |
| R2 | 0.0010 | 4.79% |
| R1 | 0.0010 | 3.09% |
| Price | 0.0010 | |
| S1 | 0.0010 | -0.689% |
| S2 | 0.0010 | -1.05% |
| S3 | 0.0010 | -1.53% |
FAQ
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