HashCoin USD Stock Forecast
Big movements in HashCoin USD stock price on Thursday moving 16.67% between high and low
(Updated on Jun 20, 2024)
The HashCoin USD stock price fell by -14.29% on the last day (Thursday, 20th Jun 2024) from $0.000007 to $0.000006. During the last trading day the stock fluctuated 16.67% from a day low at $0.000006 to a day high of $0.000007. The price has been going up and down for this period, and there has been a -14.29% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 4 thousand shares were bought and sold for approximately $0.0218 .
The stock has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $0.00000600 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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HSCUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. 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 HashCoin 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 $0.00000671 and $0.00000703. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HashCoin USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.00000512 and $0.000005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.000005 may give a huge drop in the stock price.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.000001 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 10.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HSCUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect HashCoin USD to open at $0.00000633, and during the day (based on 14 day Average True Range), to move between $0.00000548 and $0.00000652, which gives a possible trading interval of +/-$0.00000052 (+/-8.59%) up or down from last closing price. If HashCoin USD takes out the full calculated possible swing range there will be an estimated 17.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000512 (14.67%) than the resistance at $0.000007 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HashCoin USD stock A Buy?
HashCoin 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 Hold/Accumulate to a Sell candidate.
Current score: -2.656 Sell Candidate Downgraded
Predicted Opening Price for HashCoin USD of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.00000633 ( 5.56%) | $0.000006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSCUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000733 | 22.22% |
R2 | 0.00000695 | 15.86% |
R1 | 0.00000672 | 11.92% |
Price | 0.000006 | |
S1 | 0.00000595 | -0.81% |
S2 | 0.00000572 | -4.74% |
S3 | 0.00000533 | -11.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.000007 | 16.67% |
Price | 0.000006 | |
S1 | 0.00000512 | -14.67% |
S2 | 0.000005 | -16.67% |
S3 | 0 | - |
FAQ
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