Speed Star JOC USD Stock Forecast
A very red day for Speed Star JOC USD stock price after a -7.14% fall in the Tuesday trading session
(Updated on Jun 18, 2024)
The Speed Star JOC USD stock price fell by -7.14% on the last day (Tuesday, 18th Jun 2024) from $0.000014 to $0.000013. During the last trading day the stock fluctuated 7.69% from a day low at $0.000013 to a day high of $0.000014. The price has been going up and down for this period, and there has been a -13.33% loss for the last 2 weeks. Volume has increased on the last day by 12 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 shares were bought and sold for approximately $0.0002 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -32.57% during the next 3 months and, with a 90% probability hold a price between $0.00000673 and $0.00001041 at the end of this 3-month period. 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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JOCUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Speed Star JOC 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 $0.00001386 and $0.00001554. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -23.53%. 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). Speed Star JOC USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Speed Star JOC USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.000001 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JOCUSD) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Speed Star JOC USD to open at $0.00001333, and during the day (based on 14 day Average True Range), to move between $0.00001268 and $0.00001332, which gives a possible trading interval of +/-$0.00000032 (+/-2.45%) up or down from last closing price. If Speed Star JOC USD takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.000014, some $0.000001 (7.69%) from the current price of $0.000013, our system finds the risk reward not very attractive.
Is Speed Star JOC USD stock A Buy?
Speed Star JOC USD holds several negative signals and is within a very wide 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: -4.013 Sell Candidate Unchanged
Predicted Opening Price for Speed Star JOC USD of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $0.00001333 ( 2.56%) | $0.000013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001433 | 10.26% |
| R2 | 0.00001395 | 7.32% |
| R1 | 0.00001372 | 5.50% |
| Price | 0.000013 | |
| S1 | 0.00001295 | -0.374% |
| S2 | 0.00001272 | -2.19% |
| S3 | 0.00001233 | -5.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000016 | 23.08% |
| R2 | 0.000015 | 15.38% |
| R1 | 0.000014 | 7.69% |
| Price | 0.000013 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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