Kwenta USD Stock Forecast
Kwenta USD stock upgraded to Sell Candidate.
(Updated on Jun 24, 2024)
No changes to the price of Kwenta USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $40.13 to a day high of $40.13. The price has risen in 5 of the last 10 days but is still down by -34.15% for this period.
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. Given the current short-term trend, the stock is expected to fall -45.95% during the next 3 months and, with a 90% probability hold a price between $14.39 and $50.56 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KWENTAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 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 Kwenta 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 $41.79 and $67.12. 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.
Support, Risk & Stop-loss for Kwenta USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.95%
Kwenta USD is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KWENTAUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Kwenta USD to open at $40.13, and during the day (based on 14 day Average True Range), to move between $36.66 and $43.60, which gives a possible trading interval of +/-$3.47 (+/-8.65%) up or down from last closing price. If Kwenta USD takes out the full calculated possible swing range there will be an estimated 17.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $40.61, some $0.483 (1.20%) from the current price of $40.13, our system finds the risk reward not very attractive.
Is Kwenta USD stock A Buy?
Kwenta 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.446 Sell Candidate Upgraded
Predicted Opening Price for Kwenta USD of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$40.13 ( 0%) | $40.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KWENTAUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 40.13 | - |
R2 | 40.13 | - |
R1 | 40.13 | - |
Price | 40.13 | |
S1 | 40.13 | - |
S2 | 40.13 | - |
S3 | 40.13 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 43.22 | 7.69% |
R2 | 42.43 | 5.73% |
R1 | 40.61 | 1.20% |
Price | 40.13 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Kwenta USD Stock.