Everest USD Stock Forecast
On Tuesday, Everest USD stock price gained an impressive 498.69%
(Updated on Jun 25, 2024)
The Everest USD stock price gained 498.69% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0749 to $0.448. During the last trading day the stock fluctuated 4.24% from a day low at $0.439 to a day high of $0.457. The price has fallen in 6 of the last 10 days and is down by -20.73% for this period. Volume fell on the last day by -21 thousand shares and in total, 12 thousand shares were bought and sold for approximately $5.43 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very 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 $0.596 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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IDUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 498.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Everest USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.471. On a fall, the stock will find some support from the short-term average at $0.293. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 Sunday, June 16, 2024 and based on theory for this formation the price should go up by 62.21% to $0.727 within 3 trading days since signal was issued (Wednesday, June 19, 2024).
Support, Risk & Stop-loss for Everest 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0186 between high and low, or 4.24%. For the last week the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: $0.432 (-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 6 days ago.)
Trading Expectations (IDUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Everest USD to open at $0.448, and during the day (based on 14 day Average True Range), to move between $0.253 and $0.644, which gives a possible trading interval of +/-$0.196 (+/-43.65%) up or down from last closing price. If Everest USD takes out the full calculated possible swing range there will be an estimated 87.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.450, some $0.0019 (0.42%) from the current price of $0.448, our system finds the risk reward not very attractive.
Is Everest USD stock A Buy?
Everest 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.561 Hold/Accumulate Upgraded
Predicted Opening Price for Everest USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.448 ( 0.0446%) | $0.448 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.467 | 4.11% |
| R2 | 0.459 | 2.52% |
| R1 | 0.455 | 1.54% |
| Price | 0.448 | |
| S1 | 0.441 | -1.63% |
| S2 | 0.437 | -2.61% |
| S3 | 0.429 | -4.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.560 | 24.85% |
| R2 | 0.458 | 2.12% |
| R1 | 0.450 | 0.424% |
| Price | 0.448 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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