Kommunitas USD Stock Forecast

Kommunitas USD stock price ended at $0.0016 on Wednesday, after gaining 3.29%.
(Updated on Jun 26, 2024)

KOMUSD Signals & Forecast

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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0020. On a fall, the stock will find some support from the short-term average at $0.0016. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -78.67%. 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).

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 $0.000045 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.05%.

Kommunitas USD is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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 Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Kommunitas USD to open at $0.0016, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0017, which gives a possible trading interval of +/-$0.0001 (+/-8.48%) up or down from last closing price. If Kommunitas USD takes out the full calculated possible swing range there will be an estimated 16.96% 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 (1.56%) than the resistance at $0.0017 (6.07%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -6.073 Strong Sell Candidate Unchanged

Predicted Opening Price for Kommunitas USD of Thursday, June 27, 2024

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