IPOR USD Cryptocurrency 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
IPOR USD cryptocurrency downgraded to Sell Candidate
(Updated on May 18, 2024)
The IPOR USD cryptocurrency price gained 1.16% on the last trading day (Saturday, 18th May 2024), rising from $0.679 to $0.687. During the last trading day the cryptocurrency fluctuated 1.54% from a day low at $0.679 to a day high of $0.690. The price has risen in 5 of the last 10 days and is up by 0.53% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 3 thousand shares were bought and sold for approximately $2.02 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 cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.646 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 34.07% during the next 3 months and, with a 90% probability hold a price between $0.87 and $1.67 at the end of this 3-month period.
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IPORUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The IPOR USD cryptocurrency 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 cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.780. On a fall, the cryptocurrency will find some support from the short-term average at $0.662. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -39.02%. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for IPOR USD cryptocurrency
IPOR USD finds support from accumulated volume at $0.683 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0105 between high and low, or 1.54%. For the last week the cryptocurrency has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPORUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect IPOR USD to open at $0.685, and during the day (based on 14 day Average True Range), to move between $0.648 and $0.727, which gives a possible trading interval of +/-$0.0394 (+/-5.74%) up or down from last closing price. If IPOR USD takes out the full calculated possible swing range there will be an estimated 11.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.688 (0.06%) than the support at $0.683 (0.53%), 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 IPOR USD cryptocurrency A Buy?
IPOR USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.229 Sell Candidate Downgraded
Predicted Opening Price for IPOR USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.685 ( 0.267%) | $0.687 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPORUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.696 | 1.26 % | |
| R2 | 0.692 | 0.676 % | ||
| R1 | 0.689 | 0.316 % | ||
| Current price: | 0.687 | |||
| Support | S1 | 0.681 | -0.85 % | |
| S2 | 0.679 | -1.21 % | ||
| S3 | 0.675 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.85 | 23.36 % | |
| R2 | 0.83 | 20.23 % | ||
| R1 | 0.688 | 0.0611 % | ||
| Current price | 0.687 | |||
| Support | S1 | 0.683 | -0.531% | |
| S2 | 0.646 | -5.93% | ||
| S3 | 0.534 | -22.35% |
FAQ
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