The QWAN USD Stock Forecast

Evaluation of The QWAN USD stock downgraded after the last trading session.
(Updated on Jun 17, 2024)

QWANUSD Signals & Forecast

There are few to no technical positive signals at the moment. The The QWAN 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 $0.0140 and $0.0221. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen 0%. 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 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.

Support, Risk & Stop-loss for The QWAN USD stock

The QWAN USD finds support from accumulated volume at $0.0125 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 16.16%

The QWAN USD is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (QWANUSD) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect The QWAN USD to open at $0.0129, and during the day (based on 14 day Average True Range), to move between $0.0071 and $0.0187, which gives a possible trading interval of +/-$0.0058 (+/-45.28%) up or down from last closing price. If The QWAN USD takes out the full calculated possible swing range there will be an estimated 90.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0125 (2.77%) than the resistance at $0.0141 (9.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The QWAN USD stock A Buy?

The The QWAN USD stock holds several negative signals and despite the positive trend, we believe The QWAN USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.196 Strong Sell Candidate Downgraded

Predicted Opening Price for The QWAN USD of Tuesday, June 18, 2024

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