Gagarin USD Stock Forecast

Gagarin USD stock price down 0% on Tuesday
(Updated on Jun 25, 2024)

GGRUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.95%. 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 Gagarin 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 $0.0470 and $0.0528. 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 Gagarin USD stock

Gagarin USD finds support from accumulated volume at $0.0448 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GGRUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Gagarin USD to open at $0.0461, and during the day (based on 14 day Average True Range), to move between $0.0433 and $0.0490, which gives a possible trading interval of +/-$0.0028 (+/-6.17%) up or down from last closing price. If Gagarin USD takes out the full calculated possible swing range there will be an estimated 12.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0448 (2.86%) than the resistance at $0.0526 (14.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gagarin USD stock A Buy?

Gagarin 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: -3.867 Sell Candidate Unchanged

Predicted Opening Price for Gagarin USD of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.