Neoxa USD Cryptocurrency Forecast
Neoxa USD cryptocurrency downgraded from Hold/Accumulate to Sell Candidate after Saturday trading session.
(Updated on May 18, 2024)
The Neoxa USD cryptocurrency price fell by -3.13% on the last day (Saturday, 18th May 2024) from $0.0019 to $0.0019. During the last trading day the cryptocurrency fluctuated 7.34% from a day low at $0.0019 to a day high of $0.0020. The price has fallen in 8 of the last 10 days and is down by -22.19% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -28 thousand shares and in total, 47 thousand shares were bought and sold for approximately $88.23 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -51.28% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0012 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NEOXUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Neoxa 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 $0.0020 and $0.0021. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -22.19%. 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 Neoxa 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.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0001 between high and low, or 7.34%. For the last week the cryptocurrency has had daily average volatility of 7.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEOXUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Neoxa USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0021, which gives a possible trading interval of +/-$0.0002 (+/-10.46%) up or down from last closing price. If Neoxa USD takes out the full calculated possible swing range there will be an estimated 20.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0019, some $0.000075 (4.04%) from the current price of $0.0019, our system finds the risk reward not very attractive.
Is Neoxa USD cryptocurrency A Buy?
Neoxa 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 cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.317 Sell Candidate Downgraded
Predicted Opening Price for Neoxa USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0019 ( 2.22%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEOXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 9.54 % | |
| R2 | 0.0020 | 6.75 % | ||
| R1 | 0.0020 | 5.02 % | ||
| Current price: | 0.0019 | |||
| Support | S1 | 0.0018 | -0.572 % | |
| S2 | 0.0018 | -2.30 % | ||
| S3 | 0.0018 | -5.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0021 | 14.91 % | |
| R2 | 0.0020 | 9.36 % | ||
| R1 | 0.0019 | 4.04 % | ||
| Current price | 0.0019 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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