Cypherpunk Holdings Inc. Stock Forecast
A very strong day for Cypherpunk Holdings Inc. stock price on Friday
(Updated on May 17, 2024)
The Cypherpunk Holdings Inc. stock price gained 8.33% on the last trading day (Friday, 17th May 2024), rising from $0.120 to $0.130. During the last trading day the stock fluctuated 0% from a day low at $0.130 to a day high of $0.130. The price has been going up and down for this period, and there has been a 13.04% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $130.00 .
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.131 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.56% during the next 3 months and, with a 90% probability hold a price between $0.103 and $0.126 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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HODL.CN Signals & Forecast
The Cypherpunk Holdings Inc. 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 $0.121 and $0.118. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 18.18%. 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). Cypherpunk Holdings Inc. 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.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 12.59% to $0.146 within 22 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Cypherpunk Holdings Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.120 and $0.115. 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, Cypherpunk Holdings Inc. finds support just below today's level at $0.120. If this is broken, then the next support from accumulated volume will be at $0.115 and $0.110.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: $0.123 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (HODL.CN) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Cypherpunk Holdings Inc. to open at $0.130, and during the day (based on 14 day Average True Range), to move between $0.124 and $0.136, which gives a possible trading interval of +/-$0.0063 (+/-4.83%) up or down from last closing price. If Cypherpunk Holdings Inc. takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.135 (3.85%) than the support at $0.120 (7.69%), 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 Cypherpunk Holdings Inc. stock A Buy?
Cypherpunk Holdings Inc. 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Cypherpunk Holdings Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.130 ( 0%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HODL.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.130 | . | |
| R2 | 0.130 | . | ||
| R1 | 0.130 | . | ||
| Current price: | 0.130 | |||
| Support | S1 | 0.130 | . | |
| S2 | 0.130 | . | ||
| S3 | 0.130 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.135 | 3.85 % | ||
| Current price | 0.130 | |||
| Support | S1 | 0.120 | -7.69% | |
| S2 | 0.115 | -11.54% | ||
| S3 | 0.110 | -15.38% |
HODL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 18, 2016 | Nov 18, 2016 | Nov 18, 2016 | $0.85 | 2,833.33% |
FAQ
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