JUST USD Stock Forecast
Stronger technical forecast for JUST USD stock price after Wednesday trading.
(Updated on Jun 19, 2024)
The JUST USD stock price gained 1.97% on the last trading day (Wednesday, 19th Jun 2024), rising from $0.0271 to $0.0276. During the last trading day the stock fluctuated 2.46% from a day low at $0.0271 to a day high of $0.0277. The price has fallen in 7 of the last 10 days and is down by -7.52% for this period. Volume fell on the last day by -11 million shares and in total, 26 million shares were bought and sold for approximately $710.79 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 stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0270 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.93% during the next 3 months and, with a 90% probability hold a price between $0.0205 and $0.0254 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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JSTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.97%. 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 JUST 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 $0.0283 and $0.0304. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for JUST USD stock
JUST USD finds support from accumulated volume at $0.0271 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0007 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: $0.0265 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (JSTUSD) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect JUST USD to open at $0.0275, and during the day (based on 14 day Average True Range), to move between $0.0267 and $0.0285, which gives a possible trading interval of +/-$0.0009 (+/-3.12%) up or down from last closing price. If JUST USD takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0271 (1.93%) than the resistance at $0.0292 (5.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JUST USD stock A Buy?
JUST USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.678 Hold/Accumulate Upgraded
Predicted Opening Price for JUST USD of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $0.0275 ( 0.481%) | $0.0276 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0281 | 1.93% |
| R2 | 0.0279 | 1.01% |
| R1 | 0.0277 | 0.441% |
| Price | 0.0276 | |
| S1 | 0.0272 | -1.40% |
| S2 | 0.0271 | -1.97% |
| S3 | 0.0268 | -2.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0300 | 8.50% |
| R2 | 0.0298 | 8.13% |
| R1 | 0.0292 | 5.84% |
| Price | 0.0276 | |
| S1 | 0.0271 | -1.93% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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