OkLetsPlay USD Stock Forecast
High volatility in OkLetsPlay USD stock price on Friday which ended trading at $0.0008
(Updated on Jun 28, 2024)
The OkLetsPlay USD stock price gained 16.36% on the last trading day (Friday, 28th Jun 2024), rising from $0.0007 to $0.0008. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 24.27% from a day low at $0.0006 to a day high of $0.0008. The price has risen in 6 of the last 10 days and is up by 27.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 264 more shares were traded than the day before. In total, 298 shares were bought and sold for approximately $0.229 .
Given the current short-term trend, the stock is expected to fall -45.30% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0004 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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OKLPUSD Signals & Forecast
Mostly positive signals in the chart today. The OkLetsPlay USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0006 and $0.0007. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 31.73%. 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). OkLetsPlay USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for OkLetsPlay USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0007 and $0.0007. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, OkLetsPlay USD finds support just below today's level at $0.0007. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0006.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0002 between high and low, or 24.27%. For the last week, the stock has had daily average volatility of 8.67%.
The OkLetsPlay USD stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $0.0007 (-4.83%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (OKLPUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect OkLetsPlay USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0008, which gives a possible trading interval of +/-$0.00003057 (+/-3.98%) up or down from last closing price. If OkLetsPlay USD takes out the full calculated possible swing range there will be an estimated 7.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0008 (1.56%) than the support at $0.0007 (7.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is OkLetsPlay USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.222 Buy Candidate Unchanged
Predicted Opening Price for OkLetsPlay USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0007 ( 6.51%) | $0.0008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OKLPUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0009 | 13.02% |
R2 | 0.0008 | 5.56% |
R1 | 0.0008 | 0.95% |
Price | 0.0008 | |
S1 | 0.0007 | -13.97% |
S2 | 0.0006 | -18.58% |
S3 | 0.0006 | -26.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0010 | 23.70% |
R2 | 0.0009 | 17.58% |
R1 | 0.0008 | 1.56% |
Price | 0.0008 | |
S1 | 0.0007 | -7.94% |
S2 | 0.0007 | -13.54% |
S3 | 0.0006 | -21.35% |
FAQ
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