Polymesh USD Stock Forecast

Polymesh USD stock price up 1.53% on Friday
(Updated on Jun 28, 2024)

POLYXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. 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 stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Polymesh 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 $0.307 and $0.401. 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).

Support, Risk & Stop-loss for Polymesh USD stock

Polymesh USD finds support from accumulated volume at $0.287 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0159 between high and low, or 5.61%. For the last week, the stock has had daily average volatility of 8.52%.

Polymesh USD is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (POLYXUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Polymesh USD to open at $0.292, and during the day (based on 14 day Average True Range), to move between $0.258 and $0.325, which gives a possible trading interval of +/-$0.0334 (+/-11.47%) up or down from last closing price. If Polymesh USD takes out the full calculated possible swing range there will be an estimated 22.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.293 (0.46%) than the support at $0.287 (1.51%), 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 Polymesh USD stock A Buy?

Polymesh 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: -4.437 Sell Candidate Unchanged

Predicted Opening Price for Polymesh USD of Saturday, June 29, 2024

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