DPRating USD Stock Forecast
DPRating USD stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
No changes to the price of DPRating USD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.000094 to a day high of $0.000094. The price has fallen in 5 of the last 10 days and is down by -10.48% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.92% during the next 3 months and, with a 90% probability hold a price between $0.00004532 and $0.00008955 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RATINGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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 DPRating 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 $0.00009457 and $0.0001. 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 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.
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 4.61% to $0.00009833 within 3 trading days since signal was issued (Monday, June 24, 2024).
Support, Risk & Stop-loss for DPRating USD stock
DPRating USD finds support from accumulated volume at $0.000093 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 3.21%
DPRating USD is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.00008781 (-6.58%) (This stock has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (RATINGUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DPRating USD to open at $0.000094, and during the day (based on 14 day Average True Range), to move between $0.00008557 and $0.0001, which gives a possible trading interval of +/-$0.00000843 (+/-8.96%) up or down from last closing price. If DPRating USD takes out the full calculated possible swing range there will be an estimated 17.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.000093 (1.06%) than the resistance at $0.0001 (19.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DPRating USD stock A Buy?
DPRating USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for DPRating USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.000094 ( 0%) | $0.000094 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RATINGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000094 | - |
| R2 | 0.000094 | - |
| R1 | 0.000094 | - |
| Price | 0.000094 | |
| S1 | 0.000094 | - |
| S2 | 0.000094 | - |
| S3 | 0.000094 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0001 | 24.47% |
| R2 | 0.0001 | 23.40% |
| R1 | 0.0001 | 19.15% |
| Price | 0.000094 | |
| S1 | 0.000093 | -1.06% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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