Octavus Prime USD Stock Forecast

Octavus Prime USD stock price fell more than -12.50% Thursday closing at $0.000007
(Updated on Jun 20, 2024)

OCTAVUSUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. 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 Octavus Prime 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 $0.00001071 and $0.00001601. 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). 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.

Support, Risk & Stop-loss for Octavus Prime USD stock

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

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 46.95%.

Octavus Prime USD is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (OCTAVUSUSD) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Octavus Prime USD to open at $0.000007, and during the day (based on 14 day Average True Range), to move between $0.00000422 and $0.00000978, which gives a possible trading interval of +/-$0.00000278 (+/-39.73%) up or down from last closing price. If Octavus Prime USD takes out the full calculated possible swing range there will be an estimated 79.47% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.000008, some $0.000001 (14.29%) from the current price of $0.000007, our system finds the risk reward not very attractive.

Is Octavus Prime USD stock A Buy?

Octavus Prime 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 stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.861 Sell Candidate Upgraded

Predicted Opening Price for Octavus Prime USD of Friday, June 21, 2024

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