FYDcoin USD Stock Forecast

FYDcoin USD stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

FYDUSD Signals & Forecast

There are few to no technical positive signals at the moment. The FYDcoin 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 $0.0002 and $0.0002. 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 07, 2024, and so far it has fallen -12.85%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Saturday, May 25, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for FYDcoin USD stock

FYDcoin USD finds support from accumulated volume at $0.0002 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000007 between high and low, or 3.32%. For the last week the stock has had daily average volatility of 2.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FYDUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect FYDcoin USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0002, which gives a possible trading interval of +/-$0.00001453 (+/-6.70%) up or down from last closing price. If FYDcoin USD takes out the full calculated possible swing range there will be an estimated 13.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0002 (2.30%) than the support at $0.0002 (3.69%), 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 FYDcoin USD stock A Buy?

FYDcoin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.038 Strong Sell Candidate Downgraded

Predicted Opening Price for FYDcoin USD of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.