Golden Token USD Stock Forecast

Big movements in Golden Token USD stock price on Friday moving 10.74% between high and low
(Updated on Jun 28, 2024)

GOLDUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Golden Token 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 $0.0090 and $0.0098. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -19.33%. 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 Golden Token USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0075 and $0.0069. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Golden Token USD finds support just below today's level at $0.0075. If this is broken, then the next support from accumulated volume will be at $0.0069 and $0.0066.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0009 between high and low, or 10.74%. For the last week the stock has had daily average volatility of 11.19%.

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

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

For the upcoming trading day on Saturday, 29th we expect Golden Token USD to open at $0.0090, and during the day (based on 14 day Average True Range), to move between $0.0076 and $0.0099, which gives a possible trading interval of +/-$0.0011 (+/-12.89%) up or down from last closing price. If Golden Token USD takes out the full calculated possible swing range there will be an estimated 25.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0095 (9.28%) than the support at $0.0075 (14.30%), 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 Golden Token USD stock A Buy?

The Golden Token USD stock holds several negative signals and despite the positive trend, we believe Golden Token USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.549 Sell Candidate Unchanged

Predicted Opening Price for Golden Token USD of Saturday, June 29, 2024

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