LinkEye USD Stock Forecast
High volatility in LinkEye USD stock price on Tuesday which ended trading at $0.0007
(Updated on Jun 25, 2024)
No changes to the price of LinkEye USD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 20.03% from a day low at $0.0006 to a day high of $0.0007. The price has risen in 5 of the last 10 days and is up by 20.23% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0006, a level that may pose a second chance to hit a runner. According to fan-theory $0.0012 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LETUSD Signals & Forecast
The LinkEye USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0007 and $0.0006. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 34.90%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LinkEye USD stock
LinkEye USD finds support from accumulated volume at $0.0007 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 $0.0001 between high and low, or 20.03%. For the last week, the stock has had daily average volatility of 8.05%.
Our recommended stop-loss: $0.0007 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (LETUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect LinkEye USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0008, which gives a possible trading interval of +/-$0.00006529 (+/-9.08%) up or down from last closing price. If LinkEye USD takes out the full calculated possible swing range there will be an estimated 18.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0007 (0.14%) than the support at $0.0007 (0.28%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is LinkEye USD stock A Buy?
LinkEye USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for LinkEye USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0007 ( 5.56%) | $0.0007 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LETUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0008 | 11.13% |
| R2 | 0.0008 | 4.75% |
| R1 | 0.0007 | 0.81% |
| Price | 0.0007 | |
| S1 | 0.0006 | -11.94% |
| S2 | 0.0006 | -15.88% |
| S3 | 0.0006 | -22.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0008 | 8.90% |
| R1 | 0.0007 | 0.139% |
| Price | 0.0007 | |
| S1 | 0.0007 | -0.278% |
| S2 | 0.0006 | -9.74% |
| S3 | 0.0006 | -15.02% |
FAQ
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