Phala Network USD Stock Forecast
Red day on Monday for Phala Network USD
(Updated on Jun 17, 2024)
No changes to the price of Phala Network USD stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.162 to a day high of $0.162. The price has fallen in 5 of the last 10 days and is down by -15.22% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.35% during the next 3 months and, with a 90% probability hold a price between $0.0654 and $0.137 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PHAUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Phala Network 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 $0.163 and $0.184. 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 16, 2024, and so far it has fallen 0%. 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 Phala Network USD stock
Phala Network USD finds support from accumulated volume at $0.159 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 5.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHAUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Phala Network USD to open at $0.162, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.175, which gives a possible trading interval of +/-$0.0127 (+/-7.84%) up or down from last closing price. If Phala Network USD takes out the full calculated possible swing range there will be an estimated 15.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.159 (1.96%) than the resistance at $0.191 (17.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Phala Network USD stock A Buy?
Phala Network 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: -4.067 Sell Candidate Unchanged
Predicted Opening Price for Phala Network USD of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.162 ( 0%) | $0.162 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.162 | - |
| R2 | 0.162 | - |
| R1 | 0.162 | - |
| Price | 0.162 | |
| S1 | 0.162 | - |
| S2 | 0.162 | - |
| S3 | 0.162 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.194 | 19.58% |
| R2 | 0.193 | 19.21% |
| R1 | 0.191 | 17.95% |
| Price | 0.162 | |
| S1 | 0.159 | -1.96% |
| S2 | 0.154 | -4.73% |
| S3 | 0 | - |
FAQ
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