Genesis Shards USD Stock Forecast

Genesis Shards USD stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

GSUSD 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 Genesis Shards 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 $0.0091 and $0.0099. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -19.17%. 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 Genesis Shards USD stock

Genesis Shards USD finds support from accumulated volume at $0.0087 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0002 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 3.66%.

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

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

For the upcoming trading day on Saturday, 29th we expect Genesis Shards USD to open at $0.0089, and during the day (based on 14 day Average True Range), to move between $0.0082 and $0.0095, which gives a possible trading interval of +/-$0.0007 (+/-7.39%) up or down from last closing price. If Genesis Shards USD takes out the full calculated possible swing range there will be an estimated 14.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0087 (1.02%) than the resistance at $0.0098 (11.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Genesis Shards USD stock A Buy?

Genesis Shards 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.072 Sell Candidate Upgraded

Predicted Opening Price for Genesis Shards USD of Saturday, June 29, 2024

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