Everest USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
A very strong day for Everest USD stock price on Friday
(Updated on Jun 28, 2024)
The Everest USD stock price gained 509.65% on the last trading day (Friday, 28th Jun 2024), rising from $0.0737 to $0.449. During the last trading day the stock fluctuated 3.96% from a day low at $0.445 to a day high of $0.462. The price has fallen in 7 of the last 10 days and is down by -0.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $12.43 thousand.
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 $0.578 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
Mostly positive signals in the chart today. The Everest USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.182 and $0.423. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 509.65%. 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). Everest USD 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 Sunday, June 16, 2024 and based on theory for this formation the price should go up by 61.78% to $0.727 within 3 trading days since signal was issued (Wednesday, June 19, 2024).
Support, Risk & Stop-loss for Everest USD stock
Everest USD finds support from accumulated volume at $0.448 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0176 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: $0.431 (-4.04%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (IDUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Everest USD to open at $0.452, and during the day (based on 14 day Average True Range), to move between $0.242 and $0.657, which gives a possible trading interval of +/-$0.208 (+/-46.19%) up or down from last closing price. If Everest USD takes out the full calculated possible swing range there will be an estimated 92.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.450 (0.16%) than the support at $0.448 (0.27%), 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 Everest USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 2.080 Buy Candidate Upgraded
Predicted Opening Price for Everest USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.452 ( 0.593%) | $0.449 |
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 | 0.470 | 4.51% |
| R2 | 0.463 | 3.01% |
| R1 | 0.459 | 2.09% |
| Price | 0.449 | |
| S1 | 0.445 | -0.90% |
| S2 | 0.441 | -1.83% |
| S3 | 0.434 | -3.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.560 | 24.52% |
| R2 | 0.458 | 1.85% |
| R1 | 0.450 | 0.156% |
| Price | 0.449 | |
| S1 | 0.448 | -0.267% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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