OOGI USD Stock Forecast
Big movements in OOGI USD stock price on Thursday moving 20.00% between high and low
(Updated on Jun 20, 2024)
No changes to the price of OOGI USD stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 20.00% from a day low at $0.000005 to a day high of $0.000006. The price has been going up and down for this period, and there has been a -28.57% loss for the last 2 weeks.
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 $0.00000225 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.36% during the next 3 months and, with a 90% probability hold a price between $0.00000173 and $0.00001571 at the end of this 3-month period.
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OOGIUSD Signals & Forecast
There are few to no technical positive signals at the moment. The OOGI 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 $0.00000571 and $0.00000797. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -80.77%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for OOGI 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 $0.000001 between high and low, or 20.00%. For the last week the stock has had daily average volatility of 8.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OOGIUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect OOGI USD to open at $0.00000533, and during the day (based on 14 day Average True Range), to move between $0.00000429 and $0.00000571, which gives a possible trading interval of +/-$0.00000071 (+/-14.16%) up or down from last closing price. If OOGI USD takes out the full calculated possible swing range there will be an estimated 28.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.000006, some $0.000001 (20.00%) from the current price of $0.000005, our system finds the risk reward not very attractive.
Is OOGI USD stock A Buy?
OOGI 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.
Current score: -4.931 Sell Candidate Unchanged
Predicted Opening Price for OOGI USD of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.00000533 ( 6.67%) | $0.000005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OOGIUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000633 | 26.67% |
R2 | 0.00000595 | 19.03% |
R1 | 0.00000572 | 14.31% |
Price | 0.000005 | |
S1 | 0.00000495 | -0.97% |
S2 | 0.00000472 | -5.69% |
S3 | 0.00000433 | -13.33% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.000006 | 20.00% |
Price | 0.000005 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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