Aavegotchi USD Stock Forecast
Green day on Thursday for Aavegotchi USD stock after gaining 2.86%
(Updated on Jun 20, 2024)
The Aavegotchi USD stock price gained 2.86% on the last trading day (Thursday, 20th Jun 2024), rising from $1.26 to $1.30. During the last trading day the stock fluctuated 6.63% from a day low at $1.25 to a day high of $1.34. The price has been going up and down for this period, and there has been a -19.75% loss 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, 419 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $3.35 million.
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 -19.56% during the next 3 months and, with a 90% probability hold a price between $0.335 and $2.20 at the end of this 3-month period.
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GHSTUSD Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aavegotchi 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 $1.36 and $1.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -61.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Aavegotchi USD stock
Aavegotchi USD finds support from accumulated volume at $1.24 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0830 between high and low, or 6.63%. For the last week, the stock has had daily average volatility of 7.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GHSTUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Aavegotchi USD to open at $1.29, and during the day (based on 14 day Average True Range), to move between $1.14 and $1.45, which gives a possible trading interval of +/-$0.158 (+/-12.19%) up or down from last closing price. If Aavegotchi USD takes out the full calculated possible swing range there will be an estimated 24.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.34 (3.55%) than the support at $1.24 (4.32%), 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 Aavegotchi USD stock A Buy?
Aavegotchi 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: -6.419 Strong Sell Candidate Unchanged
Predicted Opening Price for Aavegotchi USD of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$1.29 ( 0.129%) | $1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHSTUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.38 | 6.28% |
R2 | 1.35 | 3.83% |
R1 | 1.33 | 2.32% |
Price | 1.30 | |
S1 | 1.26 | -2.58% |
S2 | 1.24 | -4.09% |
S3 | 1.21 | -6.53% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.58 | 21.53% |
R2 | 1.48 | 13.89% |
R1 | 1.34 | 3.55% |
Price | 1.30 | |
S1 | 1.24 | -4.32% |
S2 | 1.13 | -13.19% |
S3 | 1.11 | -14.35% |
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