Genshiro USD Stock Forecast
Red day on Monday for Genshiro USD stock after losing 0%
(Updated on Jun 17, 2024)
No changes to the price of Genshiro USD stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0002 to a day high of $0.0002. The price has risen in 5 of the last 10 days but is still down by -10.74% for this period.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.57% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0004 at the end of this 3-month period.
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GENSUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has fallen 0%. 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 Genshiro 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 $0.0002 and $0.0003. 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). 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.
Support, Risk & Stop-loss for Genshiro USD stock
Genshiro USD finds support from accumulated volume at $0.0002 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 8.83%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GENSUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Genshiro USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00003702 (+/-15.36%) up or down from last closing price. If Genshiro USD takes out the full calculated possible swing range there will be an estimated 30.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (0.41%) than the resistance at $0.0002 (2.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genshiro USD stock A Buy?
The Genshiro USD stock holds several negative signals and despite the positive trend, we believe Genshiro USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.716 Sell Candidate Unchanged
Predicted Opening Price for Genshiro USD of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0002 ( 0%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENSUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0002 | - |
R2 | 0.0002 | - |
R1 | 0.0002 | - |
Price | 0.0002 | |
S1 | 0.0002 | - |
S2 | 0.0002 | - |
S3 | 0.0002 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0003 | 24.48% |
R2 | 0.0003 | 14.94% |
R1 | 0.0002 | 2.07% |
Price | 0.0002 | |
S1 | 0.0002 | -0.415% |
S2 | 0.0002 | -5.81% |
S3 | 0.0002 | -17.43% |
FAQ
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