Manifold Finance USD Stock Forecast
High volatility in Manifold Finance USD stock price on Thursday which ended trading at $12.34
(Updated on Jul 04, 2024)
The Manifold Finance USD stock price gained 3.91% on the last trading day (Thursday, 4th Jul 2024), rising from $11.88 to $12.34. During the last trading day the stock fluctuated 19.14% from a day low at $11.13 to a day high of $13.26. The price has risen in 6 of the last 10 days but is still down by -12.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 124 thousand shares were bought and sold for approximately $1.54 million.
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 -30.97% during the next 3 months and, with a 90% probability hold a price between $6.75 and $14.78 at the end of this 3-month period.
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FOLDUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, July 03, 2024, and so far it has risen 3.91%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Manifold Finance 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 $12.92 and $16.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Manifold Finance USD stock
Manifold Finance USD finds support from accumulated volume at $12.08 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 $2.13 between high and low, or 19.14%. For the last week, the stock has had daily average volatility of 13.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FOLDUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Manifold Finance USD to open at $12.25, and during the day (based on 14 day Average True Range), to move between $10.42 and $14.26, which gives a possible trading interval of +/-$1.92 (+/-15.56%) up or down from last closing price. If Manifold Finance USD takes out the full calculated possible swing range there will be an estimated 31.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.37 (0.26%) than the support at $12.08 (2.09%), 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 Manifold Finance USD stock A Buy?
Manifold Finance 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.
Current score: -5.525 Strong Sell Candidate Unchanged
Predicted Opening Price for Manifold Finance USD of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$12.25 ( 0.767%) | $12.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOLDUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.38 | 16.50% |
R2 | 13.56 | 9.90% |
R1 | 13.06 | 5.83% |
Price | 12.34 | |
S1 | 11.43 | -7.36% |
S2 | 10.93 | -11.44% |
S3 | 10.12 | -18.03% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.03 | 21.78% |
R2 | 14.18 | 14.88% |
R1 | 12.37 | 0.259% |
Price | 12.34 | |
S1 | 12.08 | -2.09% |
S2 | 12.01 | -2.65% |
S3 | 11.88 | -3.76% |
FAQ
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