Kommunitas USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Kommunitas USD stock price on Thursday moving 10.49% between high and low
(Updated on Jun 27, 2024)
The Kommunitas USD stock price gained 9.88% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0016 to $0.0018. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 10.49% from a day low at $0.0016 to a day high of $0.0018. The price has been going up and down for this period, and there has been a -5.69% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 456 thousand shares were bought and sold for approximately $801.53 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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KOMUSD Signals & Forecast
There are mixed signals in the stock today. 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 -76.57%. 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). 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.
Support, Risk & Stop-loss for Kommunitas USD stock
Kommunitas USD finds support from accumulated volume at $0.0017 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 $0.0002 between high and low, or 10.49%. For the last week, the stock has had daily average volatility of 4.88%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Kommunitas USD to open at $0.0017, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0019, which gives a possible trading interval of +/-$0.0001 (+/-7.86%) up or down from last closing price. If Kommunitas USD takes out the full calculated possible swing range there will be an estimated 15.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0017 (3.47%) than the resistance at $0.0019 (6.37%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.857 Sell Candidate Upgraded
Predicted Opening Price for Kommunitas USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0017 ( 3.09%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0019 | 6.41% |
| R2 | 0.0018 | 2.78% |
| R1 | 0.0018 | 0.538% |
| Price | 0.0018 | |
| S1 | 0.0016 | -6.72% |
| S2 | 0.0016 | -8.97% |
| S3 | 0.0015 | -12.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0020 | 15.42% |
| R2 | 0.0020 | 11.84% |
| R1 | 0.0019 | 6.37% |
| Price | 0.0018 | |
| S1 | 0.0017 | -3.47% |
| S2 | 0.0017 | -3.93% |
| S3 | 0.0017 | -4.72% |
FAQ
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