Tokenlon Network Token USD Stock Forecast

Tokenlon Network Token USD stock upgraded from Sell Candidate to Hold/Accumulate after Saturday trading session.
(Updated on Jun 29, 2024)

LONUSD Signals & Forecast

The Tokenlon Network Token USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.94 and $0.96. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Saturday, June 01, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Monday, August 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Tokenlon Network Token USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.93 and $0.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tokenlon Network Token USD finds support just below today's level at $0.93. If this is broken, then the next support from accumulated volume will be at $0.90 and $0.85.

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 $0.0702 between high and low, or 7.52%. For the last week the stock has had daily average volatility of 7.40%

Our recommended stop-loss: $0.93 (-4.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)

Trading Expectations (LONUSD) For The Upcoming Trading Day Of Sunday 30th

For the upcoming trading day on Sunday, 30th we expect Tokenlon Network Token USD to open at $0.97, and during the day (based on 14 day Average True Range), to move between $0.92 and $1.04, which gives a possible trading interval of +/-$0.0573 (+/-5.85%) up or down from last closing price. If Tokenlon Network Token USD takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.98 (0.18%) than the support at $0.93 (5.15%), 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 Tokenlon Network Token USD stock A Buy?

Tokenlon Network Token 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.108 Hold/Accumulate Upgraded

Predicted Opening Price for Tokenlon Network Token USD of Sunday, June 30, 2024

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