Governor DAO USD Stock Forecast
Governor DAO USD stock price up 2.04% on Friday
(Updated on Jun 28, 2024)
The Governor DAO USD stock price gained 2.04% on the last trading day (Friday, 28th Jun 2024), rising from $0.0389 to $0.0397. During the last trading day the stock fluctuated 4.15% from a day low at $0.0389 to a day high of $0.0405. The price has fallen in 6 of the last 10 days but is still up by 0.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $765.68 .
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 $0.0374 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.66% during the next 3 months and, with a 90% probability hold a price between $0.0311 and $0.0423 at the end of this 3-month period.
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GDAOUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 3.38%. 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). Governor DAO USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Governor DAO USD stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0441. On a fall, the stock will find some support from the short-term average at $0.0391. 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.
Support, Risk & Stop-loss for Governor DAO USD stock
Governor DAO USD finds support from accumulated volume at $0.0394 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0016 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GDAOUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Governor DAO USD to open at $0.0397, and during the day (based on 14 day Average True Range), to move between $0.0384 and $0.0409, which gives a possible trading interval of +/-$0.0013 (+/-3.24%) up or down from last closing price. If Governor DAO USD takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0394 (0.57%) than the resistance at $0.0438 (10.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Governor DAO USD stock A Buy?
Governor DAO USD 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 stock.
Current score: -1.277 Sell Candidate Unchanged
Predicted Opening Price for Governor DAO USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0397 ( 0.123%) | $0.0397 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDAOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0413 | 4.19% |
| R2 | 0.0407 | 2.64% |
| R1 | 0.0403 | 1.68% |
| Price | 0.0397 | |
| S1 | 0.0391 | -1.43% |
| S2 | 0.0387 | -2.39% |
| S3 | 0.0381 | -3.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0469 | 18.22% |
| R2 | 0.0453 | 14.33% |
| R1 | 0.0438 | 10.56% |
| Price | 0.0397 | |
| S1 | 0.0394 | -0.570% |
| S2 | 0.0388 | -2.02% |
| S3 | 0.0384 | -3.27% |
FAQ
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