Hashgard USD Stock Forecast
Is Hashgard USD stock still a buy after falling -7.69% on Tuesday?
(Updated on Jun 18, 2024)
The Hashgard USD stock price fell by -7.69% on the last day (Tuesday, 18th Jun 2024) from $0.000013 to $0.000012. During the last trading day the stock fluctuated 8.33% from a day low at $0.000012 to a day high of $0.000013. The price has fallen in 4 of the last 10 days and is down by -14.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 shares and in total, 12 thousand shares were bought and sold for approximately $0.139 .
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000984 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.62% during the next 3 months and, with a 90% probability hold a price between $0.00001050 and $0.00002539 at the end of this 3-month period.
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GARDUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hashgard 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 $0.00001314 and $0.00001423. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -47.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hashgard USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.000011 and $0.00001. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00001 may give a huge drop in the stock price.
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 $0.000001 between high and low, or 8.33%. For the last week the stock has had daily average volatility of 6.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GARDUSD) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Hashgard USD to open at $0.00001233, and during the day (based on 14 day Average True Range), to move between $0.00001084 and $0.00001316, which gives a possible trading interval of +/-$0.00000116 (+/-9.67%) up or down from last closing price. If Hashgard USD takes out the full calculated possible swing range there will be an estimated 19.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000013 (8.33%) than the support at $0.000011 (8.33%), 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 Hashgard USD stock A Buy?
The Hashgard USD stock holds several negative signals and despite the positive trend, we believe Hashgard USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.196 Sell Candidate Unchanged
Predicted Opening Price for Hashgard USD of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $0.00001233 ( 2.78%) | $0.000012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GARDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001333 | 11.11% |
| R2 | 0.00001295 | 7.93% |
| R1 | 0.00001272 | 5.96% |
| Price | 0.000012 | |
| S1 | 0.00001195 | -0.406% |
| S2 | 0.00001172 | -2.37% |
| S3 | 0.00001133 | -5.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.000014 | 16.67% |
| R1 | 0.000013 | 8.33% |
| Price | 0.000012 | |
| S1 | 0.000011 | -8.33% |
| S2 | 0.00001 | -16.67% |
| S3 | 0 | - |
FAQ
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