Quant / US Dollar Cryptocurrency Forecast
Quant / US Dollar cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 15, 2024)
The Quant / US Dollar cryptocurrency price gained 0.93% on the last trading day (Wednesday, 15th May 2024), rising from $95.60 to $96.49. During the last trading day the cryptocurrency fluctuated 5.69% from a day low at $91.70 to a day high of $96.92. The price has risen in 5 of the last 10 days but is still down by -4.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately $1.76 billion.
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 -13.86% during the next 3 months and, with a 90% probability hold a price between $72.97 and $112.12 at the end of this 3-month period.
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QNTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 4.88%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quant / US Dollar cryptocurrency 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 $96.75 and $102.54. 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 Quant / US Dollar cryptocurrency
Quant / US Dollar finds support from accumulated volume at $96.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $5.22 between high and low, or 5.69%. For the last week, the cryptocurrency has had daily average volatility of 4.64%.
Our recommended stop-loss: $91.56 (-5.11%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (QNTUSD) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Quant / US Dollar to open at $95.04, and during the day (based on 14 day Average True Range), to move between $90.73 and $102.25, which gives a possible trading interval of +/-$5.76 (+/-5.97%) up or down from last closing price. If Quant / US Dollar takes out the full calculated possible swing range there will be an estimated 11.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $96.20 (0.30%) than the resistance at $105.28 (9.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quant / US Dollar cryptocurrency A Buy?
Quant / 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: -0.786 Hold/Accumulate Upgraded
Predicted Opening Price for Quant / US Dollar of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $95.04 ( 1.51%) | $96.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QNTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.26 | 3.90 % | |
| R2 | 98.26 | 1.84 % | ||
| R1 | 97.03 | 0.560 % | ||
| Current price: | 96.49 | |||
| Support | S1 | 93.04 | -3.57 % | |
| S2 | 91.81 | -4.85 % | ||
| S3 | 89.82 | -6.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.42 | 22.73 % | |
| R2 | 108.61 | 12.56 % | ||
| R1 | 105.28 | 9.11 % | ||
| Current price | 96.49 | |||
| Support | S1 | 96.20 | -0.301% | |
| S2 | 95.54 | -0.98% | ||
| S3 | 92.05 | -4.60% |
FAQ
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