Navcoin Cryptocurrency Forecast

Red day on Friday for Navcoin
(Updated on May 03, 2024)

NAVUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Navcoin cryptocurrency 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 $0.0582 and $0.0625. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -31.66%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency 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 Navcoin cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0487 and $0.0482. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Navcoin finds support just below today's level at $0.0487. If this is broken, then the next support from accumulated volume will be at $0.0482 and $0.0442.

This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0025 between high and low, or 4.82%. For the last week the cryptocurrency has had daily average volatility of 9.25%.

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

Trading Expectations (NAVUSD) For The Upcoming Trading Day Of Saturday 4th

For the upcoming trading day on Saturday, 4th we expect Navcoin to open at $0.0535, and during the day (based on 14 day Average True Range), to move between $0.0482 and $0.0592, which gives a possible trading interval of +/-$0.0055 (+/-10.28%) up or down from last closing price. If Navcoin takes out the full calculated possible swing range there will be an estimated 20.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0551 (2.68%) than the support at $0.0487 (9.36%), 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 Navcoin cryptocurrency A Buy?

The Navcoin cryptocurrency holds several negative signals and despite the positive trend, we believe Navcoin will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -1.487 Sell Candidate Unchanged

Predicted Opening Price for Navcoin of Saturday, May 4, 2024

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