Jarvis Network USD Stock Forecast
Jarvis Network USD stock price ended at $0.0061 on Tuesday, after gaining 3.88%.
(Updated on Jun 25, 2024)
The Jarvis Network USD stock price gained 3.88% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0059 to $0.0061. During the last trading day the stock fluctuated 2.59% from a day low at $0.0059 to a day high of $0.0061. The price has fallen in 6 of the last 10 days and is down by -5.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 more shares were traded than the day before. In total, 87 shares were bought and sold for approximately $0.529 .
The stock 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 $0.0058 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 stock is expected to rise 10.12% during the next 3 months and, with a 90% probability hold a price between $0.0064 and $0.0086 at the end of this 3-month period.
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JRTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.88%. Further rise is indicated until a new top pivot has been found. Jarvis Network USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jarvis Network 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 $0.0062 and $0.0068. 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).
Support, Risk & Stop-loss for Jarvis Network USD stock
Jarvis Network USD finds support from accumulated volume at $0.0060 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0002 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JRTUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jarvis Network USD to open at $0.0060, and during the day (based on 14 day Average True Range), to move between $0.0058 and $0.0064, which gives a possible trading interval of +/-$0.0003 (+/-5.39%) up or down from last closing price. If Jarvis Network USD takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0060 (0.64%) than the resistance at $0.0069 (13.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jarvis Network USD stock A Buy?
The Jarvis Network USD stock holds several negative signals and despite the positive trend, we believe Jarvis Network USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.339 Sell Candidate Unchanged
Predicted Opening Price for Jarvis Network USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0060 ( 0.756%) | $0.0061 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JRTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0062 | 1.77% |
| R2 | 0.0061 | 0.81% |
| R1 | 0.0061 | 0.211% |
| Price | 0.0061 | |
| S1 | 0.0060 | -1.72% |
| S2 | 0.0059 | -2.32% |
| S3 | 0.0059 | -3.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0073 | 20.35% |
| R2 | 0.0073 | 20.15% |
| R1 | 0.0069 | 13.56% |
| Price | 0.0061 | |
| S1 | 0.0060 | -0.641% |
| S2 | 0.0055 | -10.28% |
| S3 | 0.0055 | -10.35% |
FAQ
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