Rainicorn USD Stock Forecast

A very strong day for Rainicorn USD stock price on Friday
(Updated on Jun 28, 2024)

RAINIUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Rainicorn USD stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0068. On a fall, the stock will find some support from the short-term average at $0.0050. 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. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -30.47%. 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 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 Rainicorn USD stock

Rainicorn USD finds support from accumulated volume at $0.0066 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 $0.0002 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.69%.

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

Trading Expectations (RAINIUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Rainicorn USD to open at $0.0069, and during the day (based on 14 day Average True Range), to move between $0.0056 and $0.0080, which gives a possible trading interval of +/-$0.0012 (+/-17.83%) up or down from last closing price. If Rainicorn USD takes out the full calculated possible swing range there will be an estimated 35.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0066 (3.34%) than the resistance at $0.0072 (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rainicorn USD stock A Buy?

Rainicorn USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.094 Sell Candidate Unchanged

Predicted Opening Price for Rainicorn USD of Saturday, June 29, 2024

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