Augur / US Dollar Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Augur / US Dollar cryptocurrency upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Augur / US Dollar cryptocurrency price gained 4.41% on the last trading day (Wednesday, 1st May 2024), rising from $1.18 to $1.23. During the last trading day the cryptocurrency fluctuated 4.98% from a day low at $1.19 to a day high of $1.24. The price has fallen in 6 of the last 10 days and is down by -5.38% for this period. Volume fell on the last day by -22 thousand shares and in total, 716 thousand shares were bought and sold for approximately $880.80 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 cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.18 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 12.35% during the next 3 months and, with a 90% probability hold a price between $1.33 and $2.09 at the end of this 3-month period.
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REPUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.41%. 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. The Augur / US Dollar cryptocurrency 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 $1.25 and $1.42. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Augur / US Dollar cryptocurrency
Augur / US Dollar finds support from accumulated volume at $1.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0590 between high and low, or 4.98%. For the last week the cryptocurrency has had daily average volatility of 5.94%.
Our recommended stop-loss: $1.18 (-3.98%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (REPUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Augur / US Dollar to open at $1.22, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.36, which gives a possible trading interval of +/-$0.131 (+/-10.64%) up or down from last closing price. If Augur / US Dollar takes out the full calculated possible swing range there will be an estimated 21.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.25 (1.22%) than the support at $1.21 (1.63%), 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 Augur / US Dollar cryptocurrency A Buy?
Augur / US Dollar 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 cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.091 Hold/Accumulate Upgraded
Predicted Opening Price for Augur / US Dollar of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.22 ( 0.84%) | $1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.28 | 3.96 % | |
| R2 | 1.26 | 2.12 % | ||
| R1 | 1.24 | 0.99 % | ||
| Current price: | 1.23 | |||
| Support | S1 | 1.20 | -2.67 % | |
| S2 | 1.18 | -3.80 % | ||
| S3 | 1.16 | -5.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.52 | 23.25 % | |
| R2 | 1.40 | 13.50 % | ||
| R1 | 1.25 | 1.22 % | ||
| Current price | 1.23 | |||
| Support | S1 | 1.21 | -1.63% | |
| S2 | 1.20 | -2.85% | ||
| S3 | 1.14 | -7.40% |
FAQ
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