Hegic USD Stock Forecast
Hegic USD stock price ended at $0.0218 on Friday, after gaining 0.272%.
(Updated on Jun 28, 2024)
The Hegic USD stock price gained 0.272% on the last trading day (Friday, 28th Jun 2024), rising from $0.0217 to $0.0218. During the last trading day the stock fluctuated 4.59% from a day low at $0.0216 to a day high of $0.0226. The price has risen in 6 of the last 10 days but is still down by -2.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately $1.61 thousand.
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 $0.0204 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 16.48% during the next 3 months and, with a 90% probability hold a price between $0.0238 and $0.0333 at the end of this 3-month period.
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HEGICUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Hegic USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hegic 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 $0.0221 and $0.0239. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -18.91%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hegic USD stock
Hegic USD finds support from accumulated volume at $0.0215 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0010 between high and low, or 4.59%. For the last week, the stock has had daily average volatility of 4.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HEGICUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Hegic USD to open at $0.0220, and during the day (based on 14 day Average True Range), to move between $0.0207 and $0.0228, which gives a possible trading interval of +/-$0.0011 (+/-4.84%) up or down from last closing price. If Hegic USD takes out the full calculated possible swing range there will be an estimated 9.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0221 (1.29%) than the support at $0.0215 (1.44%), 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 Hegic USD stock A Buy?
The Hegic USD stock holds several negative signals and despite the positive trend, we believe Hegic USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.264 Sell Candidate Unchanged
Predicted Opening Price for Hegic USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0220 ( 0.84%) | $0.0218 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEGICUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0230 | 5.38% |
| R2 | 0.0226 | 3.64% |
| R1 | 0.0223 | 2.57% |
| Price | 0.0218 | |
| S1 | 0.0216 | -0.90% |
| S2 | 0.0214 | -1.97% |
| S3 | 0.0210 | -3.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0258 | 18.27% |
| R2 | 0.0222 | 2.09% |
| R1 | 0.0221 | 1.29% |
| Price | 0.0218 | |
| S1 | 0.0215 | -1.44% |
| S2 | 0.0202 | -7.46% |
| S3 | 0.0201 | -7.85% |
FAQ
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