Dotmoovs USD Stock Forecast

Red day on Friday for Dotmoovs USD
(Updated on Jun 28, 2024)

MOOVUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Dotmoovs 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 $0.0033 and $0.0042. 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 24, 2024, and so far it has fallen -73.06%. 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). Dotmoovs 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 Dotmoovs USD stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0001 between high and low, or 4.16%. For the last week, the stock has had daily average volatility of 7.60%.

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

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

For the upcoming trading day on Saturday, 29th we expect Dotmoovs USD to open at $0.0028, and during the day (based on 14 day Average True Range), to move between $0.0025 and $0.0031, which gives a possible trading interval of +/-$0.0003 (+/-11.08%) up or down from last closing price. If Dotmoovs USD takes out the full calculated possible swing range there will be an estimated 22.17% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0028, some $0.000009 (0.32%) from the current price of $0.0028, our system finds the risk reward not very attractive.

Is Dotmoovs USD stock A Buy?

Dotmoovs 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: -7.612 Strong Sell Candidate Unchanged

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

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