Galaxy Fight Club USD Stock Forecast
Weaker technical forecast for Galaxy Fight Club USD as stock downgraded to Strong Sell Candidate.
(Updated on Jun 29, 2024)
The Galaxy Fight Club USD stock price fell by -1.42% on the last day (Saturday, 29th Jun 2024) from $0.0070 to $0.0069. During the last trading day the stock fluctuated 6.79% from a day low at $0.0066 to a day high of $0.0071. The price has fallen in 7 of the last 10 days and is down by -19.91% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $13.78 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0061 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.03% during the next 3 months and, with a 90% probability hold a price between $0.0043 and $0.0074 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GCOINUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 5.08%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Galaxy Fight Club 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 $0.0075 and $0.0095. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Galaxy Fight Club USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Galaxy Fight Club USD stock
Galaxy Fight Club USD finds support from accumulated volume at $0.0065 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0004 between high and low, or 6.79%. For the last week, the stock has had daily average volatility of 12.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GCOINUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Galaxy Fight Club USD to open at $0.0068, and during the day (based on 14 day Average True Range), to move between $0.0061 and $0.0077, which gives a possible trading interval of +/-$0.0008 (+/-11.81%) up or down from last closing price. If Galaxy Fight Club USD takes out the full calculated possible swing range there will be an estimated 23.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0065 (4.84%) than the resistance at $0.0082 (19.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Galaxy Fight Club USD stock A Buy?
Galaxy Fight Club 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: -6.051 Strong Sell Candidate Downgraded
Predicted Opening Price for Galaxy Fight Club USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.0068 ( 0.296%) | $0.0069 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCOINUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0073 | 6.25% |
R2 | 0.0071 | 3.75% |
R1 | 0.0070 | 2.20% |
Price | 0.0069 | |
S1 | 0.0067 | -2.80% |
S2 | 0.0066 | -4.34% |
S3 | 0.0064 | -6.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0083 | 21.30% |
R2 | 0.0083 | 20.57% |
R1 | 0.0082 | 19.66% |
Price | 0.0069 | |
S1 | 0.0065 | -4.84% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Galaxy Fight Club USD Stock.