ODEM USD Stock Forecast

Stronger technical forecast for ODEM USD stock price after Friday trading.
(Updated on Jun 28, 2024)

ODEUSD Signals & Forecast

There are few to no technical positive signals at the moment. The ODEM 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 $0.0002 and $0.0002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -64.07%. 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 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 ODEM USD stock

ODEM USD finds support from accumulated volume at $0.00008563 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved $0.00000096 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 0.371%

Our recommended stop-loss: $0.00008081 (-6.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect ODEM USD to open at $0.00008647, and during the day (based on 14 day Average True Range), to move between $0.00004192 and $0.0001, which gives a possible trading interval of +/-$0.00004423 (+/-51.34%) up or down from last closing price. If ODEM USD takes out the full calculated possible swing range there will be an estimated 102.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00008563 (0.60%) than the resistance at $0.00008801 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ODEM USD stock A Buy?

ODEM 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 ODEM USD of Saturday, June 29, 2024

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