LikeCoin USD Stock Forecast
LikeCoin USD stock price ended at $0.0009 on Friday, after losing 1.68%.
(Updated on Jun 28, 2024)
The LikeCoin USD stock price fell by -1.68% on the last day (Friday, 28th Jun 2024) from $0.0010 to $0.0009. During the last trading day the stock fluctuated 1.60% from a day low at $0.0009 to a day high of $0.0010. The price has fallen in 7 of the last 10 days and is down by -0.53% for this period. Volume has increased on the last day by 43 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, 132 shares were bought and sold for approximately $0.123 .
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 -40.87% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0008 at the end of this 3-month period. 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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LIKEUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, June 08, 2024, and so far it has risen 13.61%. 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 LikeCoin 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 $0.0010 and $0.0010. 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). LikeCoin 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 LikeCoin USD stock
LikeCoin USD finds support from accumulated volume at $0.0009 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.000015 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIKEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect LikeCoin USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0010, which gives a possible trading interval of +/-$0.00005140 (+/-5.50%) up or down from last closing price. If LikeCoin USD takes out the full calculated possible swing range there will be an estimated 10.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0009 (0.43%) than the resistance at $0.0011 (13.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LikeCoin USD stock A Buy?
LikeCoin 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.
Current score: -1.900 Sell Candidate Unchanged
Predicted Opening Price for LikeCoin USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0009 ( 0.535%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIKEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0010 | 2.14% |
| R2 | 0.0009 | 1.53% |
| R1 | 0.0009 | 1.15% |
| Price | 0.0009 | |
| S1 | 0.0009 | -0.0781% |
| S2 | 0.0009 | -0.457% |
| S3 | 0.0009 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 17.01% |
| R2 | 0.0011 | 15.61% |
| R1 | 0.0011 | 13.05% |
| Price | 0.0009 | |
| S1 | 0.0009 | -0.428% |
| S2 | 0.0008 | -11.98% |
| S3 | 0 | - |
FAQ
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