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Polymath / US Dollar Cryptocurrency Forecast

$0.0796
+0 (+0%)
At Close: Jun 25, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of POLYUSD
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Polymath / US Dollar cryptocurrency upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

Hold candidate since Jun 25, 2024 PDF

No changes to the price of Polymath / US Dollar cryptocurrency on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0796 to a day high of $0.0796. The price has been going up and down for this period, and there has been a -20.78% loss for the last 2 weeks.

The cryptocurrency 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 cryptocurrency is expected to fall -10.70% during the next 3 months and, with a 90% probability hold a price between $0.0584 and $0.104 at the end of this 3-month period.

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POLYUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Polymath / US Dollar cryptocurrency 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 $0.0938 and $0.0863. A break-up above any of these levels will issue buy signals. 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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, May 23, 2024 with a target of $0.0776. Despite whether the objective of the signal formation has been reached the cryptocurrency may continue to perform well.

Support, Risk & Stop-loss for Polymath / US Dollar cryptocurrency

Polymath / US Dollar finds support from accumulated volume at $0.0785 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency 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 cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 27.22%

Our recommended stop-loss: $0.0747 (-6.10%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (POLYUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Polymath / US Dollar to open at $0.0796, and during the day (based on 14 day Average True Range), to move between $0.0554 and $0.104, which gives a possible trading interval of +/-$0.0242 (+/-30.36%) up or down from last closing price. If Polymath / US Dollar takes out the full calculated possible swing range there will be an estimated 60.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0785 (1.39%) than the resistance at $0.0863 (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 Polymath / US Dollar cryptocurrency A Buy?

Polymath / US Dollar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Polymath / US Dollar of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$0.0796 ( 0%) $0.0796

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

Trading levels for POLYUSD

Fibonacci Support & Resistance Levels

Level Price
R3 0.0796 -
R2 0.0796 -
R1 0.0796 -
Price 0.0796
S1 0.0796 -
S2 0.0796 -
S3 0.0796 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0958 20.43%
R2 0.0933 17.25%
R1 0.0863 8.39%
Price 0.0796
S1 0.0785 -1.39%
S2 0.0710 -10.75%
S3 0.0708 -11.08%

FAQ

What is the symbol for Polymath / US Dollar Cryptocurrency and on which exchange is it traded?
The symbol for Polymath / US Dollar is POLYUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell Polymath / US Dollar Cryptocurrency?
Polymath / US Dollar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Polymath / US Dollar Cryptocurrency?
Polymath / US Dollar Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Polymath / US Dollar Cryptocurrency.

What's the current price of Polymath / US Dollar Cryptocurrency?
As of the end of day on the Jun 25, 2024, the price of an Polymath / US Dollar (POLYUSD) share was $0.0796.

What is the 52-week high and low for Polymath / US Dollar Cryptocurrency?
The 52-week high for Polymath / US Dollar Cryptocurrency is $0.449 and the 52-week low is $0.0587.
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