Genaro Network USD Stock Forecast

A very red day for Genaro Network USD stock price after a -5.25% fall in the Tuesday trading session
(Updated on Jun 25, 2024)

GNXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 0.222%. 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 Genaro Network 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 $0.0005 and $0.0007. 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 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 Genaro Network USD stock

Genaro Network USD finds support from accumulated volume at $0.0005 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 $0.000037 between high and low, or 8.20%. For the last week the stock has had daily average volatility of 6.17%.

Genaro Network USD is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

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

For the upcoming trading day on Wednesday, 26th we expect Genaro Network USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0005, which gives a possible trading interval of +/-$0.00006857 (+/-15.20%) up or down from last closing price. If Genaro Network USD takes out the full calculated possible swing range there will be an estimated 30.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0005 (0.22%) than the resistance at $0.0005 (3.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Genaro Network USD stock A Buy?

Genaro Network 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: -3.747 Sell Candidate Unchanged

Predicted Opening Price for Genaro Network USD of Wednesday, June 26, 2024

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