QI Blockchain USD Stock Forecast
Volatile ride for QI Blockchain USD stock price on Thursday moving between $0.0045 and $0.0052
(Updated on Jun 27, 2024)
The QI Blockchain USD stock price fell by -6.33% on the last day (Thursday, 27th Jun 2024) from $0.0051 to $0.0048. During the last trading day the stock fluctuated 15.61% from a day low at $0.0045 to a day high of $0.0052. The price has been going up and down for this period, and there has been a -14.29% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 35 thousand shares were bought and sold for approximately $166.34 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.19% during the next 3 months and, with a 90% probability hold a price between $0.0025 and $0.0112 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QIEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The QI Blockchain 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 $0.0050 and $0.0068. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -50.79%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for QI Blockchain USD stock
QI Blockchain USD finds support from accumulated volume at $0.0048 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0007 between high and low, or 15.61%. For the last week the stock has had daily average volatility of 14.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QIEUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect QI Blockchain USD to open at $0.0049, and during the day (based on 14 day Average True Range), to move between $0.0035 and $0.0061, which gives a possible trading interval of +/-$0.0013 (+/-26.99%) up or down from last closing price. If QI Blockchain USD takes out the full calculated possible swing range there will be an estimated 53.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0048 (0.06%) than the support at $0.0048 (0.10%), 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 QI Blockchain USD stock A Buy?
The QI Blockchain USD stock holds several negative signals and despite the positive trend, we believe QI Blockchain USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.611 Sell Candidate Unchanged
Predicted Opening Price for QI Blockchain USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0049 ( 1.36%) | $0.0048 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QIEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0056 | 16.13% |
| R2 | 0.0053 | 10.49% |
| R1 | 0.0051 | 7.01% |
| Price | 0.0048 | |
| S1 | 0.0046 | -4.28% |
| S2 | 0.0044 | -7.77% |
| S3 | 0.0042 | -13.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0059 | 22.53% |
| R2 | 0.0058 | 20.36% |
| R1 | 0.0048 | 0.0626% |
| Price | 0.0048 | |
| S1 | 0.0048 | -0.104% |
| S2 | 0.0043 | -10.54% |
| S3 | 0.0040 | -15.81% |
FAQ
Click here for our free guide on how to buy QI Blockchain USD Stock.
