Hunter Token / Digital Arms USD Stock Forecast

Hunter Token / Digital Arms USD stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

HNTRUSD Signals & Forecast

The Hunter Token / Digital Arms 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 $0.0011 and $0.0011. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Saturday, June 22, 2024, and so far it has fallen -0.357%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Hunter Token / Digital Arms USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0010. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hunter Token / Digital Arms USD finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0010 and $0.0009.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.000014 (1.26%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.

Our recommended stop-loss: $0.0011 (-3.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Hunter Token / Digital Arms USD to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0011, which gives a possible trading interval of +/-$0.00001811 (+/-1.62%) up or down from last closing price. If Hunter Token / Digital Arms USD takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0010 (6.18%) than the resistance at $0.0012 (6.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hunter Token / Digital Arms USD stock A Buy?

Hunter Token / Digital Arms 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: 0.875 Hold/Accumulate Downgraded

Predicted Opening Price for Hunter Token / Digital Arms USD of Wednesday, June 26, 2024

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