MANTRA USD Stock Forecast
MANTRA USD stock price ended at $0.720 on Friday, after gaining 1.06%.
(Updated on Jun 28, 2024)
The MANTRA USD stock price gained 1.06% on the last trading day (Friday, 28th Jun 2024), rising from $0.713 to $0.720. During the last trading day the stock fluctuated 7.50% from a day low at $0.698 to a day high of $0.750. The price has been going up and down for this period, and there has been a 8.19% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $7.63 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.671 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.81% during the next 3 months and, with a 90% probability hold a price between $0.703 and $1.10 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OMUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 8.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MANTRA USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.776. On a fall, the stock will find some support from the short-term average at $0.707. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MANTRA USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.673 and $0.673. 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, MANTRA USD finds support just below today's level at $0.673. If this is broken, then the next support from accumulated volume will be at $0.673 and $0.666.
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 $0.0523 between high and low, or 7.50%. For the last week, the stock has had daily average volatility of 7.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OMUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect MANTRA USD to open at $0.723, and during the day (based on 14 day Average True Range), to move between $0.655 and $0.786, which gives a possible trading interval of +/-$0.0656 (+/-9.10%) up or down from last closing price. If MANTRA USD takes out the full calculated possible swing range there will be an estimated 18.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.722 (0.24%) than the support at $0.673 (6.51%), 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 MANTRA USD stock A Buy?
MANTRA 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: -2.512 Sell Candidate Unchanged
Predicted Opening Price for MANTRA USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.723 ( 0.319%) | $0.720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OMUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.775 | 7.58% |
R2 | 0.755 | 4.81% |
R1 | 0.743 | 3.09% |
Price | 0.720 | |
S1 | 0.703 | -2.45% |
S2 | 0.690 | -4.17% |
S3 | 0.670 | -6.94% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.87 | 21.46% |
R2 | 0.85 | 17.96% |
R1 | 0.722 | 0.243% |
Price | 0.720 | |
S1 | 0.673 | -6.51% |
S2 | 0.673 | -6.62% |
S3 | 0.666 | -7.50% |
FAQ
Click here for our free guide on how to buy MANTRA USD Stock.