The QWAN USD Stock Forecast

High volatility in The QWAN USD stock price on Tuesday which ended trading at $0.0083
(Updated on Jun 25, 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 $0.0093 and $0.0191. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -80.59%. 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 The QWAN USD stock

The QWAN USD finds support from accumulated volume at $0.0081 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 $0.0014 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 17.80%.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect The QWAN USD to open at $0.0087, and during the day (based on 14 day Average True Range), to move between $0.0035 and $0.0130, which gives a possible trading interval of +/-$0.0047 (+/-57.13%) up or down from last closing price. If The QWAN USD takes out the full calculated possible swing range there will be an estimated 114.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0084 (1.66%) than the support at $0.0081 (2.58%), 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 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.

Current score: -4.284 Sell Candidate Unchanged

Predicted Opening Price for The QWAN USD of Wednesday, June 26, 2024

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