Grayscale Basic Attention Token Trust Trust Forecast

Stronger technical forecast for Grayscale Basic Attention Token Trust trust price after Friday trading.
(Updated on Jun 28, 2024)

GBAT Signals & Forecast

There are mixed signals in the trust today. The Grayscale Basic Attention Token Trust trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $14.50. On a fall, the trust will find some support from the short-term average at $9.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 23.31%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Grayscale Basic Attention Token Trust trust

Grayscale Basic Attention Token Trust finds support from accumulated volume at $10.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This trust may move very much during the day (volatility) and with periodic low trading volume this trust is considered to be "very high risk". During the last day, the trust moved $0 between high and low, or 0%. For the last week the trust has had daily average volatility of 6.00%.

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

Trading Expectations (GBAT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Grayscale Basic Attention Token Trust to open at $10.61, and during the day (based on 14 day Average True Range), to move between $9.09 and $12.12, which gives a possible trading interval of +/-$1.52 (+/-14.31%) up or down from last closing price. If Grayscale Basic Attention Token Trust takes out the full calculated possible swing range there will be an estimated 28.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.45 (1.46%) than the resistance at $11.15 (5.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Grayscale Basic Attention Token Trust trust A Buy?

Grayscale Basic Attention Token Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this trust. We have upgraded our analysis conclusion for this trust since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.583 Sell Candidate Upgraded

Predicted Opening Price for Grayscale Basic Attention Token Trust of Monday, July 1, 2024

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