Measurable Data Token / US Dollar Cryptocurrency Forecast

Measurable Data Token / US Dollar cryptocurrency downgraded to Sell Candidate
(Updated on May 18, 2024)

MDTUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Measurable Data Token / US Dollar cryptocurrency 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 $0.0596 and $0.0707. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, March 10, 2024, and so far it has fallen -55.06%. 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 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.

Support, Risk & Stop-loss for Measurable Data Token / US Dollar cryptocurrency

Measurable Data Token / US Dollar finds support from accumulated volume at $0.0580 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0003 between high and low, or 0.544%. For the last week the cryptocurrency has had daily average volatility of 6.28%.

Measurable Data Token / US Dollar is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (MDTUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Measurable Data Token / US Dollar to open at $0.0590, and during the day (based on 14 day Average True Range), to move between $0.0528 and $0.0650, which gives a possible trading interval of +/-$0.0061 (+/-10.32%) up or down from last closing price. If Measurable Data Token / US Dollar takes out the full calculated possible swing range there will be an estimated 20.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0580 (1.53%) than the resistance at $0.0651 (10.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Measurable Data Token / US Dollar cryptocurrency A Buy?

Measurable Data Token / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.471 Sell Candidate Downgraded

Predicted Opening Price for Measurable Data Token / US Dollar of Sunday, May 19, 2024

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