Metaverse VR USD Stock Forecast
Evaluation of Metaverse VR USD stock downgraded after the last trading session.
(Updated on Jun 29, 2024)
The Metaverse VR USD stock price gained 0.131% on the last trading day (Saturday, 29th Jun 2024), rising from $0.0013 to $0.0013. During the last trading day the stock fluctuated 0.776% from a day low at $0.0013 to a day high of $0.0013. The price has fallen in 5 of the last 10 days and is down by -26.88% for this period. Volume fell on the last day by -244 shares and in total, 1 shares were bought and sold for approximately $0.0013 . 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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MEVRUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.46%. 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). 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 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.00001011 between high and low, or 0.776%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MEVRUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th 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 (+/-9.09%) up or down from last closing price. If Metaverse VR USD takes out the full calculated possible swing range there will be an estimated 18.18% 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 (0.13%) than the resistance at $0.0013 (0.30%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.578 Sell Candidate Downgraded
Predicted Opening Price for Metaverse VR USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.0013 ( 0.204%) | $0.0013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEVRUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0013 | 0.98% |
R2 | 0.0013 | 0.684% |
R1 | 0.0013 | 0.501% |
Price | 0.0013 | |
S1 | 0.0013 | -0.0920% |
S2 | 0.0013 | -0.275% |
S3 | 0.0013 | -0.571% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0016 | 19.89% |
R2 | 0.0014 | 3.83% |
R1 | 0.0013 | 0.298% |
Price | 0.0013 | |
S1 | 0.0013 | -0.130% |
S2 | 0.0013 | -0.81% |
S3 | 0.0013 | -1.44% |
FAQ
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