MetaBrands USD Cryptocurrency Forecast

MetaBrands USD cryptocurrency price ended at $0.0208 on Monday, after losing 1.25%.
(Updated on May 06, 2024)

MAGEUSD Signals & Forecast

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 MetaBrands USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0214. On a fall, the cryptocurrency will find some support from the short-term average at $0.0202. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -13.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for MetaBrands USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0172 and $0.0171. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, MetaBrands USD finds support just below today's level at $0.0172. If this is broken, then the next support from accumulated volume will be at $0.0171 and $0.0171.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0008 between high and low, or 3.98%. For the last week the cryptocurrency has had daily average volatility of 3.74%.

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

Trading Expectations (MAGEUSD) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect MetaBrands USD to open at $0.0211, and during the day (based on 14 day Average True Range), to move between $0.0200 and $0.0217, which gives a possible trading interval of +/-$0.0009 (+/-4.21%) up or down from last closing price. If MetaBrands USD takes out the full calculated possible swing range there will be an estimated 8.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0214 (2.83%) than the support at $0.0172 (17.58%), 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 MetaBrands USD cryptocurrency A Buy?

MetaBrands USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -4.564 Sell Candidate Unchanged

Predicted Opening Price for MetaBrands USD of Tuesday, May 7, 2024

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