KamPay USD Stock Forecast
Volatile ride for KamPay USD stock price on Friday moving between $0.0002 and $0.0006
(Updated on Jun 28, 2024)
No changes to the price of KamPay USD stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 281.53% from a day low at $0.0002 to a day high of $0.0006. The price has fallen in 6 of the last 10 days but is still up by 3.25% over the past 2 weeks.
The stock has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $0.0002 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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KAMPAYUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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 KamPay 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 $0.0002 and $0.0009. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 315.09% to $0.0007 within 3 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for KamPay USD stock
KamPay USD finds support from accumulated volume at $0.0002 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0004 between high and low, or 281.53%. For the last week the stock has had daily average volatility of 66.19%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KAMPAYUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect KamPay USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between -$0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0013 (+/-825.94%) up or down from last closing price. If KamPay USD takes out the full calculated possible swing range there will be an estimated 1 651.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (3.14%) than the resistance at $0.0002 (6.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KamPay USD stock A Buy?
KamPay 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: -5.094 Strong Sell Candidate Unchanged
Predicted Opening Price for KamPay USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0003 ( 91.82%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAMPAYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 369.81% |
| R2 | 0.0006 | 263.62% |
| R1 | 0.0005 | 198.02% |
| Price | 0.0002 | |
| S1 | 0.0001 | -14.37% |
| S2 | 0.00003184 | -79.97% |
| S3 | -0.0001 | -186.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0002 | 23.27% |
| R2 | 0.0002 | 14.47% |
| R1 | 0.0002 | 6.29% |
| Price | 0.0002 | |
| S1 | 0.0002 | -3.14% |
| S2 | 0.0002 | -3.77% |
| S3 | 0.0002 | -4.40% |
FAQ
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