Mineable USD Stock Forecast

High volatility in Mineable USD stock price on Friday which ended trading at $0.0004
(Updated on Jun 28, 2024)

MNBUSD Signals & Forecast

There are mixed signals in the stock today. The Mineable USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0004. On a fall, the stock will find some support from the short-term average at $0.0003. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -24.85%. 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). Mineable USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Mineable USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0004. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mineable USD finds support just below today's level at $0.0004. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0003.

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 $0.0002 between high and low, or 58.15%. For the last week, the stock has had daily average volatility of 23.57%.

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

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

For the upcoming trading day on Saturday, 29th we expect Mineable USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00008127 (+/-21.33%) up or down from last closing price. If Mineable USD takes out the full calculated possible swing range there will be an estimated 42.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0004 (3.94%) than the support at $0.0004 (5.51%), 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 Mineable USD stock A Buy?

Mineable USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.114 Sell Candidate Upgraded

Predicted Opening Price for Mineable USD of Saturday, June 29, 2024

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