HeroVerse USD Stock Forecast
Stronger technical forecast for HeroVerse USD stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The HeroVerse USD stock price gained 4.69% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0059 to $0.0062. During the last trading day the stock fluctuated 0% from a day low at $0.0062 to a day high of $0.0062. The price has fallen in 7 of the last 10 days and is down by -8.91% for this period. Volume fell on the last day by -16 shares and in total, 0 shares were bought and sold for approximately $0 . 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 of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0059 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.32% during the next 3 months and, with a 90% probability hold a price between $0.0054 and $0.0071 at the end of this 3-month period.
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HERUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.69%. 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 HeroVerse 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 $0.0063 and $0.0069. 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 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 HeroVerse USD stock
HeroVerse USD finds support from accumulated volume at $0.0059 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.45%
HeroVerse USD is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HERUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HeroVerse USD to open at $0.0062, and during the day (based on 14 day Average True Range), to move between $0.0060 and $0.0064, which gives a possible trading interval of +/-$0.0002 (+/-3.33%) up or down from last closing price. If HeroVerse USD takes out the full calculated possible swing range there will be an estimated 6.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0059 (4.48%) than the resistance at $0.0065 (4.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HeroVerse USD stock A Buy?
HeroVerse 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: -2.617 Sell Candidate Upgraded
Predicted Opening Price for HeroVerse USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0062 ( 0%) | $0.0062 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HERUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0062 | - |
| R2 | 0.0062 | - |
| R1 | 0.0062 | - |
| Price | 0.0062 | |
| S1 | 0.0062 | - |
| S2 | 0.0062 | - |
| S3 | 0.0062 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0077 | 24.14% |
| R2 | 0.0075 | 20.22% |
| R1 | 0.0065 | 4.90% |
| Price | 0.0062 | |
| S1 | 0.0059 | -4.48% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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