Metaverse Face USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Metaverse Face USD stock price up 1.69% on Saturday
(Updated on Jun 29, 2024)
The Metaverse Face USD stock price gained 1.69% on the last trading day (Saturday, 29th Jun 2024), rising from $0.000059 to $0.00006. During the last trading day the stock fluctuated 1.69% from a day low at $0.000059 to a day high of $0.00006. The price has fallen in 5 of the last 10 days and is down by -1.64% for this period. Volume fell on the last day by -169 shares and in total, 26 thousand shares were bought and sold for approximately $1.58 . 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00005723 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.56% during the next 3 months and, with a 90% probability hold a price between $0.00003688 and $0.00004711 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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MEFAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. 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 Metaverse Face 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 $0.00006014 and $0.00006769. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Metaverse Face USD stock
Metaverse Face USD finds support from accumulated volume at $0.000059 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.000001 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MEFAUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Metaverse Face USD to open at $0.00005967, and during the day (based on 14 day Average True Range), to move between $0.00005750 and $0.00006250, which gives a possible trading interval of +/-$0.00000250 (+/-4.16%) up or down from last closing price. If Metaverse Face USD takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000061 (1.67%) than the support at $0.000059 (1.67%), 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 Metaverse Face USD stock A Buy?
Metaverse Face 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.
Current score: -2.817 Sell Candidate Unchanged
Predicted Opening Price for Metaverse Face USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.00005967 ( 0.556%) | $0.00006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEFAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00006067 | 1.11% |
| R2 | 0.00006028 | 0.474% |
| R1 | 0.00006005 | 0.0811% |
| Price | 0.00006 | |
| S1 | 0.00005928 | -1.19% |
| S2 | 0.00005905 | -1.59% |
| S3 | 0.00005867 | -2.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000074 | 23.33% |
| R2 | 0.000073 | 21.67% |
| R1 | 0.000061 | 1.67% |
| Price | 0.00006 | |
| S1 | 0.000059 | -1.67% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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