Realio Network USD Cryptocurrency Forecast

Volatile ride for Realio Network USD cryptocurrency price on Friday moving between $1.51 and $1.68
(Updated on May 17, 2024)

RIOUSD Signals & Forecast

The Realio Network USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency 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 $1.50 and $1.65. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -45.69%. 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).

Support, Risk & Stop-loss for Realio Network USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $1.52 and $1.47. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Realio Network USD finds support just below today's level at $1.52. If this is broken, then the next support from accumulated volume will be at $1.47 and $1.45.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.166 between high and low, or 10.99%. For the last week, the cryptocurrency has had daily average volatility of 9.53%.

Our recommended stop-loss: $1.58 (-5.94%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (RIOUSD) For The Upcoming Trading Day Of Saturday 18th

For the upcoming trading day on Saturday, 18th we expect Realio Network USD to open at $1.62, and during the day (based on 14 day Average True Range), to move between $1.52 and $1.83, which gives a possible trading interval of +/-$0.154 (+/-9.18%) up or down from last closing price. If Realio Network USD takes out the full calculated possible swing range there will be an estimated 18.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.75 (4.40%) than the support at $1.52 (9.53%), 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 Realio Network USD cryptocurrency A Buy?

Realio Network USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 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 Realio Network USD of Saturday, May 18, 2024

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