OOGI USD Stock Forecast

Weaker technical forecast for OOGI USD as stock downgraded to Strong Sell Candidate.
(Updated on Jun 25, 2024)

OOGIUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The OOGI 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 $0.00000746. On a fall, the stock will find some support from the short-term average at $0.00000471. 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. 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. 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

On the downside, the stock finds support just below today's level from accumulated volume at $0.000004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 10.00%.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect OOGI USD to open at $0.000005, and during the day (based on 14 day Average True Range), to move between $0.00000438 and $0.00000562, which gives a possible trading interval of +/-$0.00000062 (+/-12.31%) up or down from last closing price. If OOGI USD takes out the full calculated possible swing range there will be an estimated 24.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000006 (20.00%) than the support at $0.000004 (20.00%), 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 OOGI USD stock A Buy?

OOGI 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.788 Strong Sell Candidate Downgraded

Predicted Opening Price for OOGI USD of Wednesday, June 26, 2024

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