iEthereum USD Stock Forecast
High volatility in iEthereum USD stock price on Tuesday which ended trading at $0.114
(Updated on Jun 25, 2024)
The iEthereum USD stock price gained 515.03% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0185 to $0.114. During the last trading day the stock fluctuated 521.68% from a day low at $0.0184 to a day high of $0.114. The price has fallen in 7 of the last 10 days and is down by -6.94% for this period.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.132 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iEthereum USD stock with a 90% probability to be traded between $0.0110 and $0.131 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IETHUSD Signals & Forecast
The iEthereum 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 $0.0744 and $0.0733. 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). 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 Wednesday, May 22, 2024, and so far it has fallen -13.88%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for iEthereum USD stock
iEthereum USD finds support from accumulated volume at $0.113 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0957 between high and low, or 521.68%. For the last week the stock has had daily average volatility of 416.83%.
Our recommended stop-loss: $0.107 (-5.52%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (IETHUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect iEthereum USD to open at $0.0821, and during the day (based on 14 day Average True Range), to move between $0.0504 and $0.177, which gives a possible trading interval of +/-$0.0633 (+/-55.66%) up or down from last closing price. If iEthereum USD takes out the full calculated possible swing range there will be an estimated 111.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.113 (0.33%) than the resistance at $0.127 (11.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iEthereum USD stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iEthereum USD stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.394 Buy Candidate Upgraded
Predicted Opening Price for iEthereum USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0821 ( 27.86%) | $0.114 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IETHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.178 | 56.31% |
| R2 | 0.141 | 24.16% |
| R1 | 0.119 | 4.30% |
| Price | 0.114 | |
| S1 | 0.0455 | -60.01% |
| S2 | 0.0229 | -79.87% |
| S3 | -0.0137 | -112.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.128 | 12.14% |
| R2 | 0.127 | 11.99% |
| R1 | 0.127 | 11.61% |
| Price | 0.114 | |
| S1 | 0.113 | -0.325% |
| S2 | 0.111 | -2.65% |
| S3 | 0 | - |
FAQ
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