HollyGold USD Stock Forecast

Volatile ride for HollyGold USD stock price on Tuesday moving between $0.219 and $0.391
(Updated on Jun 25, 2024)

HGOLDUSD Signals & Forecast

The HollyGold USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.175 and $0.0976. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 233.23%. 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). HollyGold 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.

Support, Risk & Stop-loss for HollyGold USD stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.172 between high and low, or 78.69%. For the last week, the stock has had daily average volatility of 36.31%.

Our recommended stop-loss: $0.370 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (HGOLDUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect HollyGold USD to open at $0.331, and during the day (based on 14 day Average True Range), to move between $0.334 and $0.433, which gives a possible trading interval of +/-$0.0498 (+/-12.99%) up or down from last closing price. If HollyGold USD takes out the full calculated possible swing range there will be an estimated 25.97% move between the lowest and the highest trading price during the day.

Is HollyGold USD stock A Buy?

HollyGold USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for HollyGold USD of Wednesday, June 26, 2024

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