LimeWire USD Currency Pair Forecast

LimeWire USD currency pair price ended at $0.738 on Thursday, after losing 0%.
(Updated on May 16, 2024)

LMWRUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 1.03%. 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 LimeWire USD currency pair 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 $0.776 and $1.02. 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 LimeWire USD currency pair

LimeWire USD finds support from accumulated volume at $0.716 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the currency pair 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 currency pair During the last day, the currency pair moved $0 between high and low, or 0%. For the last week the currency pair has had daily average volatility of 6.10%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LMWRUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect LimeWire USD to open at $0.738, and during the day (based on 14 day Average True Range), to move between $0.656 and $0.82, which gives a possible trading interval of +/-$0.0819 (+/-11.10%) up or down from last closing price. If LimeWire USD takes out the full calculated possible swing range there will be an estimated 22.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.741 (0.44%) than the support at $0.716 (3.04%), 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 LimeWire USD currency pair A Buy?

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

Current score: -1.483 Sell Candidate Unchanged

Predicted Opening Price for LimeWire USD of Friday, May 17, 2024

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