Space Hamster USD Stock Forecast
Stronger technical forecast for Space Hamster USD stock price after Thursday trading.
(Updated on Jun 27, 2024)
The Space Hamster USD stock price gained 2.77% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0108 to $0.0111. During the last trading day the stock fluctuated 3.67% from a day low at $0.0108 to a day high of $0.0112. The price has fallen in 6 of the last 10 days and is down by -26.76% for this period. Volume fell on the last day by -419 shares and in total, 20 shares were bought and sold for approximately $0.223 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0110 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 58.36% during the next 3 months and, with a 90% probability hold a price between $0.0173 and $0.0282 at the end of this 3-month period.
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HAMSUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 2.77%. Further rise is indicated until a new top pivot has been found. 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 Space Hamster USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0141 and $0.0118. A break-up above any of these levels will issue buy signals. 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. The stock had a Golden Star Signal on Saturday, June 01, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Saturday, June 01, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Space Hamster USD stock
Space Hamster USD finds support from accumulated volume at $0.0109 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0004 between high and low, or 3.67%. For the last week the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAMSUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Space Hamster USD to open at $0.0111, and during the day (based on 14 day Average True Range), to move between $0.0102 and $0.0120, which gives a possible trading interval of +/-$0.0009 (+/-8.08%) up or down from last closing price. If Space Hamster USD takes out the full calculated possible swing range there will be an estimated 16.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0112 (0.89%) than the support at $0.0109 (2.25%), 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 Space Hamster USD stock A Buy?
The Space Hamster USD stock holds several negative signals and despite the positive trend, we believe Space Hamster USD will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.544 Sell Candidate Upgraded
Predicted Opening Price for Space Hamster USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0111 ( 0.611%) | $0.0111 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAMSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0115 | 2.96% |
| R2 | 0.0113 | 1.59% |
| R1 | 0.0112 | 0.752% |
| Price | 0.0111 | |
| S1 | 0.0109 | -1.97% |
| S2 | 0.0108 | -2.82% |
| S3 | 0.0107 | -4.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0113 | 1.36% |
| R2 | 0.0113 | 1.25% |
| R1 | 0.0112 | 0.89% |
| Price | 0.0111 | |
| S1 | 0.0109 | -2.25% |
| S2 | 0.0099 | -11.34% |
| S3 | 0.0095 | -14.23% |
FAQ
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