Governance OHM USD Stock Forecast
Governance OHM USD stock price down 0% on Monday
(Updated on Jun 24, 2024)
No changes to the price of Governance OHM USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3,280.54 to a day high of $3,280.54. The price has risen in 5 of the last 10 days and is up by 0.79% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Governance OHM USD stock with a 90% probability to be traded between $3,216.55 and $3,432.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GOHMUSD 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 Governance OHM 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 $3,283.86. On a fall, the stock will find some support from the short-term average at $3,278.29. 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 Saturday, June 15, 2024, and so far it has fallen -0.548%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 1.21% to $3,320.29 within 13 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Governance OHM USD stock
Governance OHM USD finds support from accumulated volume at $3,265.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.82%
Our recommended stop-loss: $3,155.69 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (GOHMUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Governance OHM USD to open at $3,280.54, and during the day (based on 14 day Average True Range), to move between $3,245.42 and $3,315.67, which gives a possible trading interval of +/-$35.13 (+/-1.07%) up or down from last closing price. If Governance OHM USD takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3,289.78 (0.28%) than the support at $3,265.83 (0.45%), 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 Governance OHM USD stock A Buy?
Governance OHM 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: -0.659 Hold/Accumulate Unchanged
Predicted Opening Price for Governance OHM USD of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $3,280.54 ( 0%) | $3,280.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOHMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,280.54 | - |
| R2 | 3,280.54 | - |
| R1 | 3,280.54 | - |
| Price | 3,280.54 | |
| S1 | 3,280.54 | - |
| S2 | 3,280.54 | - |
| S3 | 3,280.54 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,402.11 | 3.71% |
| R2 | 3,319.70 | 1.19% |
| R1 | 3,289.78 | 0.282% |
| Price | 3,280.54 | |
| S1 | 3,265.83 | -0.449% |
| S2 | 3,259.36 | -0.646% |
| S3 | 3,231.71 | -1.49% |
FAQ
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