Octopus Protocol USD Stock Forecast

Octopus Protocol USD stock price down 0% on Monday
(Updated on Jun 24, 2024)

OPSUSD 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 Octopus Protocol USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0010 and $0.0009. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 23, 2024, and so far it has fallen 0%. 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. The stock had a Golden Star Signal on Saturday, November 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Octopus Protocol USD stock

Octopus Protocol USD finds support from accumulated volume at $0.0008 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.64%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OPSUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Octopus Protocol USD to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0010, which gives a possible trading interval of +/-$0.0002 (+/-25.59%) up or down from last closing price. If Octopus Protocol USD takes out the full calculated possible swing range there will be an estimated 51.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0008 (0.25%) than the resistance at $0.0008 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Octopus Protocol USD stock A Buy?

Octopus Protocol 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: -4.081 Sell Candidate Unchanged

Predicted Opening Price for Octopus Protocol USD of Tuesday, June 25, 2024

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