DAOstack USD Stock Forecast
DAOstack USD stock price up 3.24% on Tuesday
(Updated on Jun 25, 2024)
The DAOstack USD stock price gained 3.24% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0039 to $0.0040. During the last trading day the stock fluctuated 2.01% from a day low at $0.0039 to a day high of $0.0040. The price has fallen in 6 of the last 10 days and is down by -15.1% for this period.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0039 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect DAOstack USD stock with a 90% probability to be traded between $0.0039 and $0.0054 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GENUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.24%. 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 DAOstack 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 $0.0043 and $0.0048. 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 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.
Support, Risk & Stop-loss for DAOstack USD stock
DAOstack USD finds support from accumulated volume at $0.0040 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000079 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GENUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DAOstack USD to open at $0.0040, and during the day (based on 14 day Average True Range), to move between $0.0039 and $0.0042, which gives a possible trading interval of +/-$0.0002 (+/-4.04%) up or down from last closing price. If DAOstack USD takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0040 (1.22%) than the resistance at $0.0047 (17.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DAOstack USD stock A Buy?
DAOstack 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.
Current score: -2.718 Sell Candidate Unchanged
Predicted Opening Price for DAOstack USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0040 ( 0.656%) | $0.0040 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0041 | 1.31% |
| R2 | 0.0040 | 0.560% |
| R1 | 0.0040 | 0.0957% |
| Price | 0.0040 | |
| S1 | 0.0040 | -1.41% |
| S2 | 0.0039 | -1.87% |
| S3 | 0.0039 | -2.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0048 | 19.95% |
| R2 | 0.0048 | 19.77% |
| R1 | 0.0047 | 17.41% |
| Price | 0.0040 | |
| S1 | 0.0040 | -1.22% |
| S2 | 0.0039 | -2.07% |
| S3 | 0.0039 | -3.31% |
FAQ
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