Observer USD Stock Forecast
Observer USD stock price ended at $0.0014 on Saturday, after losing 4.19%.
(Updated on Jun 29, 2024)
The Observer USD stock price fell by -4.19% on the last day (Saturday, 29th Jun 2024) from $0.0015 to $0.0014. During the last trading day the stock fluctuated 6.09% from a day low at $0.0014 to a day high of $0.0015. The price has fallen in 5 of the last 10 days and is down by -0.78% for this period. 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 -51 thousand shares and in total, 51 thousand shares were bought and sold for approximately $71.69 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0013 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.63% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0019 at the end of this 3-month period.
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OBSRUSD Signals & Forecast
There are mixed signals in the stock today. The Observer 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 $0.0014 and $0.0018. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Observer USD stock
Observer USD finds support from accumulated volume at $0.0014 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000085 between high and low, or 6.09%. For the last week the stock has had daily average volatility of 7.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OBSRUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Observer USD to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0002 (+/-10.82%) up or down from last closing price. If Observer USD takes out the full calculated possible swing range there will be an estimated 21.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0014 (2.22%) than the resistance at $0.0015 (4.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Observer USD stock A Buy?
Observer 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.
Current score: -2.966 Sell Candidate Unchanged
Predicted Opening Price for Observer USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.0014 ( 2.03%) | $0.0014 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OBSRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0015 | 8.12% |
| R2 | 0.0015 | 5.79% |
| R1 | 0.0015 | 4.36% |
| Price | 0.0014 | |
| S1 | 0.0014 | -0.296% |
| S2 | 0.0014 | -1.73% |
| S3 | 0.0013 | -4.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0017 | 24.36% |
| R2 | 0.0017 | 20.13% |
| R1 | 0.0015 | 4.23% |
| Price | 0.0014 | |
| S1 | 0.0014 | -2.22% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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