Akita DAO USD Stock Forecast
Akita DAO USD stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on Jun 24, 2024)
No changes to the price of Akita DAO 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 $0.111 to a day high of $0.111. The price has fallen in 5 of the last 10 days but is still up by 2.22% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.125 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.25% during the next 3 months and, with a 90% probability hold a price between $0.0240 and $0.123 at the end of this 3-month period.
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HACHIUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Akita DAO 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 $0.111 and $0.116. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Akita DAO USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.103 and $0.103. 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, Akita DAO USD finds support just below today's level at $0.103. If this is broken, then the next support from accumulated volume will be at $0.103 and $0.102.
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 1.32%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HACHIUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Akita DAO USD to open at $0.111, and during the day (based on 14 day Average True Range), to move between $0.108 and $0.114, which gives a possible trading interval of +/-$0.0033 (+/-2.97%) up or down from last closing price. If Akita DAO USD takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.103 (7.51%) than the resistance at $0.120 (7.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Akita DAO USD stock A Buy?
Akita DAO 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: -1.641 Sell Candidate Upgraded
Predicted Opening Price for Akita DAO USD of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.111 ( 0%) | $0.111 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HACHIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.111 | - |
| R2 | 0.111 | - |
| R1 | 0.111 | - |
| Price | 0.111 | |
| S1 | 0.111 | - |
| S2 | 0.111 | - |
| S3 | 0.111 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.126 | 13.77% |
| R2 | 0.123 | 11.29% |
| R1 | 0.120 | 7.86% |
| Price | 0.111 | |
| S1 | 0.103 | -7.51% |
| S2 | 0.103 | -7.60% |
| S3 | 0.102 | -7.62% |
FAQ
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