Sheesha Finance Polygon USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Sheesha Finance Polygon USD stock price up 0.659% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Sheesha Finance Polygon USD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0030 to a day high of $0.0030. The price has risen in 5 of the last 10 days but is still down by -0.78% for this period.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 127.80% during the next 3 months and, with a 90% probability hold a price between $0.0051 and $0.0085 at the end of this 3-month period.
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MSHEESHAUSD Signals & Forecast
The Sheesha Finance Polygon USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0031. On a fall, the stock will find some support from the long-term average at approximately $0.0029. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Sheesha Finance Polygon 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Saturday, June 01, 2024, and so far it has fallen -3.32%. 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).
Support, Risk & Stop-loss for Sheesha Finance Polygon USD stock
Sheesha Finance Polygon USD finds support from accumulated volume at $0.0030 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.000002 between high and low, or 0.0654%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: $0.0029 (-6.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (MSHEESHAUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sheesha Finance Polygon USD to open at $0.0031, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0031, which gives a possible trading interval of +/-$0.00005390 (+/-1.76%) up or down from last closing price. If Sheesha Finance Polygon USD takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0030 (0.46%) than the resistance at $0.0031 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sheesha Finance Polygon USD stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sheesha Finance Polygon USD stock to perform well in the short-term.
Current score: 3.558 Buy Candidate Unchanged
Predicted Opening Price for Sheesha Finance Polygon USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0031 ( 0.00000000%) | $0.0031 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSHEESHAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0031 | 0.0654% |
| R2 | 0.0031 | 0.0404% |
| R1 | 0.0031 | 0.0250% |
| Price | 0.0031 | |
| S1 | 0.0031 | -0.0250% |
| S2 | 0.0031 | -0.0404% |
| S3 | 0.0031 | -0.0654% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0031 | 1.86% |
| R2 | 0.0031 | 1.73% |
| R1 | 0.0031 | 1.31% |
| Price | 0.0031 | |
| S1 | 0.0030 | -0.458% |
| S2 | 0.0027 | -10.21% |
| S3 | 0.0025 | -16.98% |
FAQ
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