Gaming Stars USD Stock Forecast

Red day on Tuesday for Gaming Stars USD stock after losing 0%
(Updated on Jun 25, 2024)

GAMESUSD Signals & Forecast

There are mixed signals in the stock today. The Gaming Stars 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 $0.0024 and $0.0028. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 with a target of $0.0018. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Gaming Stars USD stock

Gaming Stars USD finds support from accumulated volume at $0.0021 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 21.48%

Our recommended stop-loss: $0.0020 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Gaming Stars USD to open at $0.0021, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0030, which gives a possible trading interval of +/-$0.0009 (+/-42.12%) up or down from last closing price. If Gaming Stars USD takes out the full calculated possible swing range there will be an estimated 84.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0021 (2.02%) than the resistance at $0.0022 (4.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gaming Stars USD stock A Buy?

Gaming Stars 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Gaming Stars USD of Wednesday, June 26, 2024

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