Aldrin USD Stock Forecast

Red day on Friday for Aldrin USD
(Updated on Jun 28, 2024)

RINUSD Signals & Forecast

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 Aldrin 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 $0.0924 and $0.0991. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, June 15, 2024, and so far it has fallen -16.52%. Further fall is indicated until a new bottom pivot has been found. Aldrin USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Aldrin USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0851 and $0.0812. 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, Aldrin USD finds support just below today's level at $0.0851. If this is broken, then the next support from accumulated volume will be at $0.0812 and $0.0798.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0030 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 5.18%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RINUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Aldrin USD to open at $0.0921, and during the day (based on 14 day Average True Range), to move between $0.0820 and $0.100, which gives a possible trading interval of +/-$0.0091 (+/-10.01%) up or down from last closing price. If Aldrin USD takes out the full calculated possible swing range there will be an estimated 20.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0851 (6.55%) than the resistance at $0.102 (12.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aldrin USD stock A Buy?

Aldrin 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.

Current score: -3.521 Sell Candidate Unchanged

Predicted Opening Price for Aldrin USD of Saturday, June 29, 2024

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