Granary USD Stock Forecast
Granary USD stock price down 0.786% on Friday
(Updated on Jun 28, 2024)
The Granary USD stock price fell by -0.786% on the last day (Friday, 28th Jun 2024) from $0.0060 to $0.0059. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.56% from a day low at $0.0058 to a day high of $0.0060. The price has fallen in 8 of the last 10 days and is down by -19.55% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 6 shares were bought and sold for approximately $0.0356 .
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 $0.0059 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.65% during the next 3 months and, with a 90% probability hold a price between $0.0043 and $0.0078 at the end of this 3-month period.
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GRAINUSD 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 Granary 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 $0.0061 and $0.0089. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -50.98%. Further fall is indicated until a new bottom pivot has been found. 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 Granary 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 16.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRAINUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Granary USD to open at $0.0059, and during the day (based on 14 day Average True Range), to move between $0.0052 and $0.0067, which gives a possible trading interval of +/-$0.0007 (+/-12.36%) up or down from last closing price. If Granary USD takes out the full calculated possible swing range there will be an estimated 24.72% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0060, some $0.000047 (0.79%) from the current price of $0.0059, our system finds the risk reward not very attractive.
Is Granary USD stock A Buy?
Granary 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: -4.914 Sell Candidate Unchanged
Predicted Opening Price for Granary USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0059 ( 0.309%) | $0.0059 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRAINUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0061 | 2.20% |
R2 | 0.0060 | 1.24% |
R1 | 0.0060 | 0.651% |
Price | 0.0059 | |
S1 | 0.0059 | -1.27% |
S2 | 0.0058 | -1.86% |
S3 | 0.0058 | -2.82% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0074 | 24.30% |
R2 | 0.0068 | 15.33% |
R1 | 0.0060 | 0.793% |
Price | 0.0059 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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