Quantstamp / US Dollar Cryptocurrency Forecast
Quantstamp / US Dollar cryptocurrency price up more than 13.01% on Saturday
(Updated on May 18, 2024)
The Quantstamp / US Dollar cryptocurrency price gained 13.01% on the last trading day (Saturday, 18th May 2024), rising from $0.0016 to $0.0018. During the last trading day the cryptocurrency fluctuated 9.41% from a day low at $0.0017 to a day high of $0.0018. The price has risen in 5 of the last 10 days but is still down by -0.72% for this period. Volume fell on the last day by -8 thousand shares and in total, 7 thousand shares were bought and sold for approximately $12.31 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0015 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -56.25% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0013 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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QSPUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 13.01%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quantstamp / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0022. On a fall, the cryptocurrency will find some support from the short-term average at $0.0017. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Quantstamp / US Dollar cryptocurrency
Quantstamp / US Dollar finds support from accumulated volume at $0.0017 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 9.41%. For the last week the cryptocurrency has had daily average volatility of 8.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSPUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Quantstamp / US Dollar to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0020, which gives a possible trading interval of +/-$0.0002 (+/-9.66%) up or down from last closing price. If Quantstamp / US Dollar takes out the full calculated possible swing range there will be an estimated 19.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0017 (3.66%) than the resistance at $0.0021 (16.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quantstamp / US Dollar cryptocurrency A Buy?
Quantstamp / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.254 Sell Candidate Downgraded
Predicted Opening Price for Quantstamp / US Dollar of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0018 ( 1.09%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 7.75 % | |
| R2 | 0.0019 | 4.37 % | ||
| R1 | 0.0018 | 2.28 % | ||
| Current price: | 0.0018 | |||
| Support | S1 | 0.0017 | -4.47 % | |
| S2 | 0.0017 | -6.56 % | ||
| S3 | 0.0016 | -9.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0022 | 21.78 % | |
| R2 | 0.0022 | 21.02 % | ||
| R1 | 0.0021 | 16.99 % | ||
| Current price | 0.0018 | |||
| Support | S1 | 0.0017 | -3.66% | |
| S2 | 0.0017 | -3.95% | ||
| S3 | 0.0016 | -11.52% |
FAQ
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