Gold Secured Currency USD Stock Forecast

Big movements in Gold Secured Currency USD stock price on Friday moving 18.31% between high and low
(Updated on Jun 28, 2024)

GSXUSD Signals & Forecast

The Gold Secured Currency USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0011 and $0.0011. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.167%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Gold Secured Currency USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0011 and $0.0011. 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, Gold Secured Currency USD finds support just below today's level at $0.0011. If this is broken, then the next support from accumulated volume will be at $0.0011 and $0.0009.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0002 between high and low, or 18.31%. For the last week the stock has had daily average volatility of 12.19%.

Our recommended stop-loss: $0.0012 (-3.58%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 68 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect Gold Secured Currency USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0013, which gives a possible trading interval of +/-$0.0001 (+/-9.45%) up or down from last closing price. If Gold Secured Currency USD takes out the full calculated possible swing range there will be an estimated 18.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0011 (8.18%) than the resistance at $0.0013 (8.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gold Secured Currency USD stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.240 Buy Candidate Upgraded

Predicted Opening Price for Gold Secured Currency USD of Saturday, June 29, 2024

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