Metaverse VR USD Stock Forecast

Metaverse VR USD stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

MEVRUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.33%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Metaverse VR 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 $0.0013 and $0.0021. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Metaverse VR USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Metaverse VR USD stock

Metaverse VR USD finds support from accumulated volume at $0.0013 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 $0.00006003 between high and low, or 4.64%. For the last week, the stock has had daily average volatility of 1.96%.

Metaverse VR USD is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.0012 (-4.12%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 75 days ago.)

Trading Expectations (MEVRUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Metaverse VR USD to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0014, which gives a possible trading interval of +/-$0.0001 (+/-9.74%) up or down from last closing price. If Metaverse VR USD takes out the full calculated possible swing range there will be an estimated 19.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0013 (0.08%) than the resistance at $0.0013 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Metaverse VR USD stock A Buy?

Metaverse VR USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Metaverse VR USD of Saturday, June 29, 2024

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