Mobipad USD Cryptocurrency Forecast

Mobipad USD cryptocurrency price down 4.55% on Monday
(Updated on May 27, 2024)

MBPUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Mobipad USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0022 and $0.0021. 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 18, 2024, and so far it has fallen -40.73%. 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). 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 Mobipad USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0018 and $0.0017. 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, Mobipad USD finds support just below today's level at $0.0018. If this is broken, then the next support from accumulated volume will be at $0.0017 and $0.0016.

This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 8.47%. For the last week the cryptocurrency has had daily average volatility of 7.35%.

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

Trading Expectations (MBPUSD) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Mobipad USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0021, which gives a possible trading interval of +/-$0.0003 (+/-14.08%) up or down from last closing price. If Mobipad USD takes out the full calculated possible swing range there will be an estimated 28.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0018 (5.14%) than the resistance at $0.0020 (8.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mobipad USD cryptocurrency A Buy?

Mobipad 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 cryptocurrency.

Current score: -5.563 Strong Sell Candidate Unchanged

Predicted Opening Price for Mobipad USD of Tuesday, May 28, 2024

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