Good Games Guild USD Stock Forecast
High volatility in Good Games Guild USD stock price on Tuesday which ended trading at $0.0419
(Updated on Jun 25, 2024)
The Good Games Guild USD stock price gained 15.52% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0362 to $0.0419. During the last trading day the stock fluctuated 12.47% from a day low at $0.0373 to a day high of $0.0420. The price has been going up and down for this period, and there has been a 4.8% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 thousand more shares were traded than the day before. In total, 471 thousand shares were bought and sold for approximately $19.70 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -60.69% during the next 3 months and, with a 90% probability hold a price between $0.0074 and $0.0211 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GGGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 19.52%. 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). Good Games Guild 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 Good Games Guild 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 $0.0541. On a fall, the stock will find some support from the short-term average at $0.0376. 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 Good Games Guild USD stock
Good Games Guild USD finds support from accumulated volume at $0.0402 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 $0.0047 between high and low, or 12.47%. For the last week, the stock has had daily average volatility of 8.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GGGUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Good Games Guild USD to open at $0.0404, and during the day (based on 14 day Average True Range), to move between $0.0377 and $0.0460, which gives a possible trading interval of +/-$0.0041 (+/-9.83%) up or down from last closing price. If Good Games Guild USD takes out the full calculated possible swing range there will be an estimated 19.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0423 (1.09%) than the support at $0.0402 (4.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Good Games Guild USD stock A Buy?
Good Games Guild 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: -2.325 Sell Candidate Unchanged
Predicted Opening Price for Good Games Guild USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0404 ( 3.54%) | $0.0419 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0450 | 7.58% |
| R2 | 0.0432 | 3.33% |
| R1 | 0.0422 | 0.708% |
| Price | 0.0419 | |
| S1 | 0.0386 | -7.78% |
| S2 | 0.0375 | -10.41% |
| S3 | 0.0357 | -14.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0460 | 9.88% |
| R2 | 0.0432 | 3.24% |
| R1 | 0.0423 | 1.09% |
| Price | 0.0419 | |
| S1 | 0.0402 | -4.05% |
| S2 | 0.0374 | -10.56% |
| S3 | 0.0362 | -13.56% |
FAQ
Click here for our free guide on how to buy Good Games Guild USD Stock.
