Inuko Finance USD Stock Forecast

Red day on Monday for Inuko Finance USD
(Updated on Jun 17, 2024)

INUKOUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.115%. 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 Inuko Finance 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 $0.0183 and $0.0183. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Inuko Finance USD stock

Inuko Finance USD finds support from accumulated volume at $0.0183 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.0077%

Inuko Finance USD is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INUKOUSD) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Inuko Finance USD to open at $0.0183, and during the day (based on 14 day Average True Range), to move between $0.0183 and $0.0183, which gives a possible trading interval of +/-$0.00001254 (+/-0.07%) up or down from last closing price. If Inuko Finance USD takes out the full calculated possible swing range there will be an estimated 0.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0183 (0.07%) than the resistance at $0.0185 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Inuko Finance USD stock A Buy?

Inuko Finance USD holds several negative signals and is within a narrow 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.

Current score: -2.596 Sell Candidate Unchanged

Predicted Opening Price for Inuko Finance USD of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.