HitChain USD Stock Forecast
Volatile ride for HitChain USD stock price on Tuesday moving between $0.000004 and $0.000005
(Updated on Jun 25, 2024)
No changes to the price of HitChain USD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 25.00% from a day low at $0.000004 to a day high of $0.000005. The price has been going up and down for this period, and there has been a -20% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.98% during the next 3 months and, with a 90% probability hold a price between $0.00000146 and $0.00000300 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HITUSD Signals & Forecast
There are few to no technical positive signals at the moment. The HitChain 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 $0.000004 and $0.00000471. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -20.00%. Further fall is indicated until a new bottom pivot has been found. 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 HitChain 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000001 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 5.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HITUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HitChain USD to open at $0.00000433, and during the day (based on 14 day Average True Range), to move between $0.00000374 and $0.00000426, which gives a possible trading interval of +/-$0.00000026 (+/-6.56%) up or down from last closing price. If HitChain USD takes out the full calculated possible swing range there will be an estimated 13.12% move between the lowest and the highest trading price during the day.
Is HitChain USD stock A Buy?
HitChain 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.271 Strong Sell Candidate Downgraded
Predicted Opening Price for HitChain USD of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.00000433 ( 8.33%) | $0.000004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HITUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000533 | 33.33% |
R2 | 0.00000495 | 23.78% |
R1 | 0.00000472 | 17.88% |
Price | 0.000004 | |
S1 | 0.00000395 | -1.22% |
S2 | 0.00000372 | -7.12% |
S3 | 0.00000333 | -16.67% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.000004 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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