Gamerse USD Stock Forecast
High volatility in Gamerse USD stock price on Thursday which ended trading at $0.0001
(Updated on Jul 04, 2024)
The Gamerse USD stock price fell by -9.55% on the last day (Thursday, 4th Jul 2024) from $0.0002 to $0.0001. During the last trading day the stock fluctuated 16.31% from a day low at $0.0001 to a day high of $0.0002. The price has been going up and down for this period, and there has been a -19.77% loss for the last 2 weeks. Volume has increased on the last day by 115 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 176 shares were bought and sold for approximately $0.0250 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0001 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -34.31% during the next 3 months and, with a 90% probability hold a price between $0.00008206 and $0.0002 at the end of this 3-month period.
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LFGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 30, 2024, and so far it has risen 8.40%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gamerse 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 $0.0001 and $0.0002. A break-up above any of these levels will issue buy signals. Gamerse USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gamerse USD stock
Gamerse USD finds support from accumulated volume at $0.0001 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.000023 between high and low, or 16.31%. For the last week, the stock has had daily average volatility of 11.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LFGUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Gamerse USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0002, which gives a possible trading interval of +/-$0.00002134 (+/-15.03%) up or down from last closing price. If Gamerse USD takes out the full calculated possible swing range there will be an estimated 30.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0001 (0.70%) than the resistance at $0.0002 (8.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gamerse USD stock A Buy?
Gamerse 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.336 Strong Sell Candidate Downgraded
Predicted Opening Price for Gamerse USD of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$0.0001 ( 4.93%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFGUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0002 | 21.13% |
R2 | 0.0002 | 14.94% |
R1 | 0.0002 | 11.12% |
Price | 0.0001 | |
S1 | 0.0001 | -1.26% |
S2 | 0.0001 | -5.08% |
S3 | 0.0001 | -11.27% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0002 | 16.20% |
R2 | 0.0002 | 13.38% |
R1 | 0.0002 | 8.45% |
Price | 0.0001 | |
S1 | 0.0001 | -0.704% |
S2 | 0.0001 | -7.75% |
S3 | 0 | - |
FAQ
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