NFT USD Stock Forecast

Red day on Friday for NFT USD stock after losing 3.65%
(Updated on Jun 28, 2024)

NFTUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has risen 2.47%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NFT USD stock 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 $0.0099 and $0.0118. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). NFT USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for NFT USD stock

NFT USD finds support from accumulated volume at $0.0094 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0004 between high and low, or 3.84%. For the last week, the stock has had daily average volatility of 0.768%.

NFT USD is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.0093 (-3.64%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 68 days ago.)

Trading Expectations (NFTUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect NFT USD to open at $0.0097, and during the day (based on 14 day Average True Range), to move between $0.0092 and $0.0100, which gives a possible trading interval of +/-$0.0004 (+/-4.42%) up or down from last closing price. If NFT USD takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0094 (2.41%) than the resistance at $0.0105 (8.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NFT USD stock A Buy?

NFT 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for NFT USD of Saturday, June 29, 2024

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