Neos Credits USD Cryptocurrency Forecast

Red day on Saturday for Neos Credits USD cryptocurrency after losing 0.0571%
(Updated on May 18, 2024)

NCRUSD 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 Neos Credits USD 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 $0.0635 and $0.118. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -79.97%. 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 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 Neos Credits USD cryptocurrency

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

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.000036 between high and low, or 0.0571%. For the last week the cryptocurrency has had daily average volatility of 0.0980%

Neos Credits USD is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $0.0586 (-6.90%) (This cryptocurrency has low daily movements and this gives low risk. Low RSI14 is 5 which reduces the risk some. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (NCRUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Neos Credits USD to open at $0.0630, and during the day (based on 14 day Average True Range), to move between $0.0574 and $0.0686, which gives a possible trading interval of +/-$0.0056 (+/-8.87%) up or down from last closing price. If Neos Credits USD takes out the full calculated possible swing range there will be an estimated 17.74% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0632, some $0.0002 (0.33%) from the current price of $0.0630, our system finds the risk reward not very attractive.

Is Neos Credits USD cryptocurrency A Buy?

Neos Credits USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.881 Hold/Accumulate Unchanged

Predicted Opening Price for Neos Credits USD of Sunday, May 19, 2024

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