Ramifi Protocol USD Stock Forecast

Ramifi Protocol USD stock upgraded to Buy Candidate.
(Updated on Jun 17, 2024)

RAMUSD Signals & Forecast

The Ramifi Protocol USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0196 and $0.0199. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has fallen 0%. 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. 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 Ramifi Protocol USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0190 and $0.0168. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ramifi Protocol USD finds support just below today's level at $0.0190. If this is broken, then the next support from accumulated volume will be at $0.0168 and $0.0164.

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 19.69%

Our recommended stop-loss: $0.0192 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

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

For the upcoming trading day on Tuesday, 18th we expect Ramifi Protocol USD to open at $0.0204, and during the day (based on 14 day Average True Range), to move between $0.0178 and $0.0231, which gives a possible trading interval of +/-$0.0027 (+/-13.05%) up or down from last closing price. If Ramifi Protocol USD takes out the full calculated possible swing range there will be an estimated 26.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0205 (0.36%) than the support at $0.0190 (7.10%), 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 Ramifi Protocol USD stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.098 Buy Candidate Upgraded

Predicted Opening Price for Ramifi Protocol USD of Tuesday, June 18, 2024

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