Mango USD Stock Forecast

Mango USD stock downgraded to Sell Candidate
(Updated on Jun 26, 2024)

MNGOUSD Signals & Forecast

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 Mango 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 $0.0263 and $0.0275. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -33.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Mango USD stock

Mango USD finds support from accumulated volume at $0.0250 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 $0.0010 between high and low, or 4.16%. For the last week the stock has had daily average volatility of 4.40%.

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

Trading Expectations (MNGOUSD) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Mango USD to open at $0.0253, and during the day (based on 14 day Average True Range), to move between $0.0240 and $0.0263, which gives a possible trading interval of +/-$0.0012 (+/-4.65%) up or down from last closing price. If Mango USD takes out the full calculated possible swing range there will be an estimated 9.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0253 (0.54%) than the support at $0.0250 (0.54%), 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 Mango USD stock A Buy?

The Mango USD stock holds several negative signals and despite the positive trend, we believe Mango USD will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.006 Sell Candidate Downgraded

Predicted Opening Price for Mango USD of Thursday, June 27, 2024

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