PAAL AI USD Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for PAAL AI USD cryptocurrency price on Thursday moving between $0.414 and $0.490
(Updated on May 09, 2024)
The PAAL AI USD cryptocurrency price gained 10.54% on the last trading day (Thursday, 9th May 2024), rising from $0.438 to $0.484. During the last trading day the cryptocurrency fluctuated 18.31% from a day low at $0.414 to a day high of $0.490. The price has risen in 7 of the last 10 days and is up by 40.75% over the past 2 weeks. Volume fell on the last day by -324 thousand shares and in total, 9 million shares were bought and sold for approximately $4.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 5.26% during the next 3 months and, with a 90% probability hold a price between $0.227 and $0.89 at the end of this 3-month period.
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PAALUSD Signals & Forecast
The PAAL AI USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.463 and $0.434. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -40.63%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for PAAL AI USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.450 and $0.441. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, PAAL AI USD finds support just below today's level at $0.450. If this is broken, then the next support from accumulated volume will be at $0.441 and $0.438.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0758 between high and low, or 18.31%. For the last week, the cryptocurrency has had daily average volatility of 15.39%.
Our recommended stop-loss: $0.459 (-5.12%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (PAALUSD) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect PAAL AI USD to open at $0.463, and during the day (based on 14 day Average True Range), to move between $0.421 and $0.548, which gives a possible trading interval of +/-$0.0633 (+/-13.08%) up or down from last closing price. If PAAL AI USD takes out the full calculated possible swing range there will be an estimated 26.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.485 (0.12%) than the support at $0.450 (7.06%), 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 PAAL AI USD cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PAAL AI USD cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 4.151 Buy Candidate Upgraded
Predicted Opening Price for PAAL AI USD of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.463 ( 4.43%) | $0.484 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAALUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.539 | 11.23 % | |
| R2 | 0.510 | 5.25 % | ||
| R1 | 0.492 | 1.55 % | ||
| Current price: | 0.484 | |||
| Support | S1 | 0.434 | -10.41 % | |
| S2 | 0.416 | -14.10 % | ||
| S3 | 0.387 | -20.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.571 | 17.81 % | |
| R2 | 0.520 | 7.32 % | ||
| R1 | 0.485 | 0.124 % | ||
| Current price | 0.484 | |||
| Support | S1 | 0.450 | -7.06% | |
| S2 | 0.441 | -8.88% | ||
| S3 | 0.438 | -9.53% |
FAQ
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