holoride USD Stock Forecast
holoride USD stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The holoride USD stock price fell by -3.98% on the last day (Friday, 28th Jun 2024) from $0.0035 to $0.0034. During the last trading day the stock fluctuated 7.09% from a day low at $0.0033 to a day high of $0.0036. The price has been going up and down for this period, and there has been a 8.76% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 31 thousand shares were bought and sold for approximately $104.47 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0023, a level that may pose a second chance to hit a runner. According to fan-theory $0.0085 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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RIDEUSD Signals & Forecast
There are mixed signals in the stock today. The holoride 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 $0.0040. On a fall, the stock will find some support from the short-term average at $0.0033. 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 Thursday, June 06, 2024, and so far it has fallen -40.05%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for holoride USD stock
holoride USD finds support from accumulated volume at $0.0032 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 7.09%. For the last week the stock has had daily average volatility of 7.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RIDEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect holoride USD to open at $0.0034, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0037, which gives a possible trading interval of +/-$0.0004 (+/-10.67%) up or down from last closing price. If holoride USD takes out the full calculated possible swing range there will be an estimated 21.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0032 (4.62%) than the resistance at $0.0036 (7.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is holoride USD stock A Buy?
holoride USD holds several negative signals and we believe that 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: -4.078 Sell Candidate Upgraded
Predicted Opening Price for holoride USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0034 ( 1.38%) | $0.0034 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RIDEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0037 | 8.37% |
| R2 | 0.0036 | 5.70% |
| R1 | 0.0035 | 4.05% |
| Price | 0.0034 | |
| S1 | 0.0033 | -1.29% |
| S2 | 0.0033 | -2.94% |
| S3 | 0.0032 | -5.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0039 | 16.14% |
| R2 | 0.0039 | 15.37% |
| R1 | 0.0036 | 7.46% |
| Price | 0.0034 | |
| S1 | 0.0032 | -4.62% |
| S2 | 0.0031 | -7.97% |
| S3 | 0.0031 | -8.06% |
FAQ
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