Rainmaker Games USD Stock Forecast
Big movements in Rainmaker Games USD stock price on Friday moving 93.49% between high and low
(Updated on Jun 28, 2024)
The Rainmaker Games USD stock price gained 21.35% on the last trading day (Friday, 28th Jun 2024), rising from $0.0008 to $0.0010. During the last trading day the stock fluctuated 93.49% from a day low at $0.0005 to a day high of $0.0010. The price has fallen in 6 of the last 10 days and is down by -15.63% for this period. Volume fell on the last day by -41 thousand shares and in total, 2 million shares were bought and sold for approximately $1.78 thousand. 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 stock 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 $0.0008 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -34.04% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0012 at the end of this 3-month period.
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RAINUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 21.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rainmaker Games 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 $0.0010 and $0.0015. 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). 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 Rainmaker Games USD stock
Rainmaker Games USD finds support from accumulated volume at $0.0010 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 $0.0005 between high and low, or 93.49%. For the last week the stock has had daily average volatility of 63.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RAINUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Rainmaker Games USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0012, which gives a possible trading interval of +/-$0.0002 (+/-22.42%) up or down from last closing price. If Rainmaker Games USD takes out the full calculated possible swing range there will be an estimated 44.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0010 (2.06%) than the resistance at $0.0010 (4.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rainmaker Games USD stock A Buy?
Rainmaker Games 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.069 Sell Candidate Upgraded
Predicted Opening Price for Rainmaker Games USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0009 ( 12.52%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAINUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 39.23% |
| R2 | 0.0012 | 19.46% |
| R1 | 0.0010 | 7.25% |
| Price | 0.0010 | |
| S1 | 0.0007 | -32.29% |
| S2 | 0.0005 | -44.50% |
| S3 | 0.0003 | -64.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0012 | 20.78% |
| R2 | 0.0011 | 9.05% |
| R1 | 0.0010 | 4.42% |
| Price | 0.0010 | |
| S1 | 0.0010 | -2.06% |
| S2 | 0.0008 | -17.59% |
| S3 | 0 | - |
FAQ
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