GG Token USD Stock Forecast

Big movements in GG Token USD stock price on Tuesday moving 10.93% between high and low
(Updated on Jun 25, 2024)

GGTKNUSD Signals & Forecast

The GG Token USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0004. On a fall, the stock will find some support from the long-term average at approximately $0.0003. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -11.47%. Further fall is indicated until a new bottom pivot has been found. GG Token USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for GG Token USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0004. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GG Token USD finds support just below today's level at $0.0004. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0003.

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 $0.00004 between high and low, or 10.93%. For the last week, the stock has had daily average volatility of 5.32%.

Our recommended stop-loss: $0.0004 (-3.53%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 21 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect GG Token USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between -$0.0002 and $0.0009, which gives a possible trading interval of +/-$0.0005 (+/-139.96%) up or down from last closing price. If GG Token USD takes out the full calculated possible swing range there will be an estimated 279.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0004 (5.18%) than the support at $0.0004 (7.25%), 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 GG Token USD stock A Buy?

GG Token USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.188 Hold/Accumulate Unchanged

Predicted Opening Price for GG Token USD of Wednesday, June 26, 2024

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