Graphlinq Chain USD Stock Forecast

Big movements in Graphlinq Chain USD stock price on Friday moving 12.39% between high and low
(Updated on Jun 28, 2024)

GLQUSD Signals & Forecast

There are mixed signals in the stock today. The Graphlinq Chain 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 $0.0895. On a fall, the stock will find some support from the short-term average at $0.0702. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -1.59%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Graphlinq Chain USD stock

Graphlinq Chain USD finds support from accumulated volume at $0.0771 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0099 between high and low, or 12.39%. For the last week the stock has had daily average volatility of 18.81%.

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

Trading Expectations (GLQUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Graphlinq Chain USD to open at $0.0833, and during the day (based on 14 day Average True Range), to move between $0.0698 and $0.0905, which gives a possible trading interval of +/-$0.0103 (+/-12.88%) up or down from last closing price. If Graphlinq Chain USD takes out the full calculated possible swing range there will be an estimated 25.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0771 (3.80%) than the resistance at $0.0875 (9.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Graphlinq Chain USD stock A Buy?

Graphlinq Chain 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.596 Sell Candidate Downgraded

Predicted Opening Price for Graphlinq Chain USD of Saturday, June 29, 2024

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