Maverick Protocol USD Stock Forecast
Maverick Protocol USD stock upgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Maverick Protocol USD stock price gained 0.83% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.297 to $0.299. During the last trading day the stock fluctuated 6.06% from a day low at $0.291 to a day high of $0.308. The price has been going up and down for this period, and there has been a -21.17% loss for the last 2 weeks. Volume fell on the last day by -6 million shares and in total, 12 million shares were bought and sold for approximately $3.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -41.19% during the next 3 months and, with a 90% probability hold a price between $0.125 and $0.227 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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MAVUSD Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Maverick Protocol 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 $0.308 and $0.397. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 25, 2024, and so far it has fallen -37.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Maverick Protocol USD stock
Maverick Protocol USD finds support from accumulated volume at $0.297 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0176 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 6.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAVUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Maverick Protocol USD to open at $0.299, and during the day (based on 14 day Average True Range), to move between $0.267 and $0.331, which gives a possible trading interval of +/-$0.0320 (+/-10.69%) up or down from last closing price. If Maverick Protocol USD takes out the full calculated possible swing range there will be an estimated 21.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.297 (0.82%) than the resistance at $0.302 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Maverick Protocol USD stock A Buy?
Maverick Protocol 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.958 Sell Candidate Upgraded
Predicted Opening Price for Maverick Protocol USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.299 ( 0%) | $0.299 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAVUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.317 | 5.88% |
| R2 | 0.310 | 3.63% |
| R1 | 0.306 | 2.25% |
| Price | 0.299 | |
| S1 | 0.293 | -2.25% |
| S2 | 0.289 | -3.63% |
| S3 | 0.282 | -5.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.346 | 15.50% |
| R2 | 0.323 | 7.82% |
| R1 | 0.302 | 0.89% |
| Price | 0.299 | |
| S1 | 0.297 | -0.82% |
| S2 | 0.291 | -2.83% |
| S3 | 0 | - |
FAQ
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