Kommunitas USD Stock Forecast

Kommunitas USD stock price up 0.639% on Saturday
(Updated on Jun 22, 2024)

KOMUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kommunitas 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 Kommunitas 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 $0.0017 and $0.0021. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -79.01%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Kommunitas USD stock

Kommunitas USD finds support from accumulated volume at $0.0016 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.000021 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 4.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KOMUSD) For The Upcoming Trading Day Of Sunday 23rd

For the upcoming trading day on Sunday, 23rd we expect Kommunitas USD to open at $0.0016, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0017, which gives a possible trading interval of +/-$0.0002 (+/-10.30%) up or down from last closing price. If Kommunitas USD takes out the full calculated possible swing range there will be an estimated 20.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0016 (0.64%) than the resistance at $0.0017 (7.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kommunitas USD stock A Buy?

Kommunitas 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: -7.192 Strong Sell Candidate Unchanged

Predicted Opening Price for Kommunitas USD of Sunday, June 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.