Osprey Solana Trust Trust Forecast
Green day on Thursday for Osprey Solana Trust trust after gaining 3.33%
(Updated on Jun 27, 2024)
The Osprey Solana Trust trust price gained 3.33% on the last trading day (Thursday, 27th Jun 2024), rising from $15.00 to $15.50. It has now gained 3 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 trust fluctuated 3.29% from a day low at $15.19 to a day high of $15.69. The price has fallen in 6 of the last 10 days and is down by -7.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $505.02 thousand.
The trust 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 $2.02 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the trust is expected to fall -58.28% during the next 3 months and, with a 90% probability hold a price between $0.84 and $72.75 at the end of this 3-month period.
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OSOL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 12.32%. 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). Osprey Solana Trust 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Osprey Solana Trust trust 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 trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $132.97. On a fall, the trust will find some support from the short-term average at $14.52. 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.
Support, Risk & Stop-loss for Osprey Solana Trust trust
On the downside, the trust finds support just below today's level from accumulated volume at $14.50 and $13.89. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Osprey Solana Trust finds support just below today's level at $14.50. If this is broken, then the next support from accumulated volume will be at $13.89 and $13.80.
This trust may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this trust is considered to be "very high risk". During the last day, the trust moved $0.500 between high and low, or 3.29%. For the last week, the trust has had daily average volatility of 7.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OSOL) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Osprey Solana Trust to open at $15.46, and during the day (based on 14 day Average True Range), to move between $2.02 and $28.98, which gives a possible trading interval of +/-$13.48 (+/-86.94%) up or down from last closing price. If Osprey Solana Trust takes out the full calculated possible swing range there will be an estimated 173.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.50 (6.45%) than the resistance at $16.80 (8.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Osprey Solana Trust trust A Buy?
Osprey Solana Trust 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 trust.
Current score: -2.475 Sell Candidate Unchanged
Predicted Opening Price for Osprey Solana Trust of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $15.46 ( 0.258%) | $15.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSOL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.96 | 2.97% |
| R2 | 15.77 | 1.74% |
| R1 | 15.65 | 0.97% |
| Price | 15.50 | |
| S1 | 15.27 | -1.49% |
| S2 | 15.15 | -2.25% |
| S3 | 14.96 | -3.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.09 | 10.26% |
| R2 | 17.00 | 9.68% |
| R1 | 16.80 | 8.39% |
| Price | 15.50 | |
| S1 | 14.50 | -6.45% |
| S2 | 13.89 | -10.39% |
| S3 | 13.80 | -10.97% |
FAQ
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