IX Swap USD Stock Forecast
IX Swap USD stock price took a fall of -5.99% on Friday
(Updated on Jun 28, 2024)
The IX Swap USD stock price fell by -5.99% on the last day (Friday, 28th Jun 2024) from $0.673 to $0.633. During the last trading day the stock fluctuated 8.26% from a day low at $0.633 to a day high of $0.685. The price has been going up and down for this period, and there has been a -3.54% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 469 thousand shares were bought and sold for approximately $296.90 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.97% during the next 3 months and, with a 90% probability hold a price between $0.443 and $0.81 at the end of this 3-month period.
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IXSUSD Signals & Forecast
There are few to no technical positive signals at the moment. The IX Swap USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.671 and $0.636. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -19.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for IX Swap USD stock
IX Swap USD finds support from accumulated volume at $0.620 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0523 between high and low, or 8.26%. For the last week the stock has had daily average volatility of 10.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IXSUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect IX Swap USD to open at $0.650, and during the day (based on 14 day Average True Range), to move between $0.553 and $0.712, which gives a possible trading interval of +/-$0.0797 (+/-12.59%) up or down from last closing price. If IX Swap USD takes out the full calculated possible swing range there will be an estimated 25.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.620 (1.97%) than the resistance at $0.681 (7.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IX Swap USD stock A Buy?
The IX Swap USD stock holds several negative signals and despite the positive trend, we believe IX Swap USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.934 Sell Candidate Downgraded
Predicted Opening Price for IX Swap USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.650 ( 2.75%) | $0.633 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXSUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.702 | 11.01% |
R2 | 0.683 | 7.85% |
R1 | 0.670 | 5.91% |
Price | 0.633 | |
S1 | 0.630 | -0.404% |
S2 | 0.618 | -2.35% |
S3 | 0.598 | -5.51% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.736 | 16.29% |
R2 | 0.699 | 10.49% |
R1 | 0.681 | 7.66% |
Price | 0.633 | |
S1 | 0.620 | -1.97% |
S2 | 0.605 | -4.39% |
S3 | 0.498 | -21.34% |
FAQ
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