MoneySwap 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
Volatile ride for MoneySwap USD stock price on Saturday moving between $0.000056 and $0.000069
(Updated on Jun 29, 2024)
The MoneySwap USD stock price fell by -9.09% on the last day (Saturday, 29th Jun 2024) from $0.000066 to $0.00006. During the last trading day the stock fluctuated 23.21% from a day low at $0.000056 to a day high of $0.000069. The price has been going up and down for this period, and there has been a 36.36% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -88 thousand shares and in total, 347 thousand shares were bought and sold for approximately $20.83 .
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 13.85% during the next 3 months and, with a 90% probability hold a price between $0.00004263 and $0.00007524 at the end of this 3-month period.
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MSWAPUSD Signals & Forecast
The MoneySwap USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.000046 and $0.00005002. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -9.09%. 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 MoneySwap USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.000054 and $0.000053. 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, MoneySwap USD finds support just below today's level at $0.000054. If this is broken, then the next support from accumulated volume will be at $0.000053 and $0.000047.
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 $0.000013 between high and low, or 23.21%. For the last week the stock has had daily average volatility of 44.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSWAPUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect MoneySwap USD to open at $0.00006167, and during the day (based on 14 day Average True Range), to move between $0.00004766 and $0.00007234, which gives a possible trading interval of +/-$0.00001234 (+/-20.57%) up or down from last closing price. If MoneySwap USD takes out the full calculated possible swing range there will be an estimated 41.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000066 (10.00%) than the support at $0.000054 (10.00%), 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 MoneySwap USD stock A Buy?
MoneySwap 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.419 Sell Candidate Downgraded
Predicted Opening Price for MoneySwap USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.00006167 ( 2.78%) | $0.00006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSWAPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00007467 | 24.44% |
| R2 | 0.00006970 | 16.17% |
| R1 | 0.00006663 | 11.05% |
| Price | 0.00006 | |
| S1 | 0.00005670 | -5.50% |
| S2 | 0.00005363 | -10.61% |
| S3 | 0.00004867 | -18.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.000066 | 10.00% |
| Price | 0.00006 | |
| S1 | 0.000054 | -10.00% |
| S2 | 0.000053 | -11.67% |
| S3 | 0.000047 | -21.67% |
FAQ
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