Unification USD Stock Forecast
On Tuesday, Unification USD stock price gained an impressive 10.67%
(Updated on Jun 25, 2024)
The Unification USD stock price gained 10.67% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0868 to $0.0961. During the last trading day the stock fluctuated 9.36% from a day low at $0.0879 to a day high of $0.0961. The price has been going up and down for this period, and there has been a 14.43% gain 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, 5 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $1.23 thousand.
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 -42.76% during the next 3 months and, with a 90% probability hold a price between $0.0403 and $0.0651 at the end of this 3-month period. 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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FUNDUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Unification 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unification 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 $0.0994 and $0.101. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -18.27%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Unification USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0909 and $0.0871. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Unification USD finds support just below today's level at $0.0909. If this is broken, then the next support from accumulated volume will be at $0.0871 and $0.0868.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0082 between high and low, or 9.36%. For the last week, the stock has had daily average volatility of 14.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUNDUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Unification USD to open at $0.0934, and during the day (based on 14 day Average True Range), to move between $0.0818 and $0.110, which gives a possible trading interval of +/-$0.0143 (+/-14.88%) up or down from last closing price. If Unification USD takes out the full calculated possible swing range there will be an estimated 29.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0909 (5.40%) than the resistance at $0.106 (9.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Unification USD stock A Buy?
Unification 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: -5.181 Strong Sell Candidate Unchanged
Predicted Opening Price for Unification USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0934 ( 2.83%) | $0.0961 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUNDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.102 | 5.73% |
| R2 | 0.0984 | 2.46% |
| R1 | 0.0965 | 0.439% |
| Price | 0.0961 | |
| S1 | 0.0902 | -6.10% |
| S2 | 0.0883 | -8.12% |
| S3 | 0.0851 | -11.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.118 | 22.35% |
| R2 | 0.110 | 13.97% |
| R1 | 0.106 | 9.93% |
| Price | 0.0961 | |
| S1 | 0.0909 | -5.40% |
| S2 | 0.0871 | -9.30% |
| S3 | 0.0868 | -9.69% |
FAQ
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