Galaxy Finance USD Stock Forecast
Galaxy Finance USD stock price down 0.88% on Saturday
(Updated on Jun 22, 2024)
The Galaxy Finance USD stock price fell by -0.88% on the last day (Saturday, 22nd Jun 2024) from $0.0093 to $0.0092. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.89% from a day low at $0.0092 to a day high of $0.0093. The price has fallen in 8 of the last 10 days and is down by -31.32% for this period. Volume has increased on the last day by 176 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 207 shares were bought and sold for approximately $1.91 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0079 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.46% during the next 3 months and, with a 90% probability hold a price between $0.0068 and $0.0324 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GLFUSD Signals & Forecast
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. The Galaxy Finance USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0134 and $0.0105. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -75.58%. Further fall is indicated until a new bottom pivot has been found. Galaxy Finance 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 Galaxy Finance USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.000082 between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 60.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLFUSD) For The Upcoming Trading Day Of Sunday 23rd
For the upcoming trading day on Sunday, 23rd we expect Galaxy Finance USD to open at $0.0093, and during the day (based on 14 day Average True Range), to move between -$0.625 and $0.644, which gives a possible trading interval of +/-$0.634 (+/-6 876.90%) up or down from last closing price. If Galaxy Finance USD takes out the full calculated possible swing range there will be an estimated 13 753.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0100, some $0.0007 (7.89%) from the current price of $0.0092, our system finds the risk reward not very attractive.
Is Galaxy Finance USD stock A Buy?
Galaxy Finance 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: -5.913 Strong Sell Candidate Unchanged
Predicted Opening Price for Galaxy Finance USD of Sunday, June 23, 2024
| Fair opening price June 23, 2024 | Current price |
|---|---|
| $0.0093 ( 0.296%) | $0.0092 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLFUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0093 | 1.19% |
| R2 | 0.0093 | 0.85% |
| R1 | 0.0093 | 0.636% |
| Price | 0.0092 | |
| S1 | 0.0092 | -0.0433% |
| S2 | 0.0092 | -0.253% |
| S3 | 0.0092 | -0.593% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0107 | 16.40% |
| R2 | 0.0100 | 8.19% |
| R1 | 0.0100 | 7.89% |
| Price | 0.0092 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Galaxy Finance USD Stock.
