Kuai Token USD Stock Forecast

Kuai Token USD stock price down 0.85% on Friday
(Updated on Jun 28, 2024)

KTUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Kuai Token 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 $0.0015 and $0.0015. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -9.05%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kuai Token USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0014 and $0.0013. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kuai Token USD finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0013 and $0.0012.

In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.00001212 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.703%.

Kuai Token USD is oversold on RSI14 (2). 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 (KTUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Kuai Token USD to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0014, which gives a possible trading interval of +/-$0.00001282 (+/-0.89%) up or down from last closing price. If Kuai Token USD takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0014 (5.04%) than the resistance at $0.0015 (6.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kuai Token USD stock A Buy?

The Kuai Token USD stock holds several negative signals and despite the positive trend, we believe Kuai Token USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.006 Sell Candidate Unchanged

Predicted Opening Price for Kuai Token USD of Saturday, June 29, 2024

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