ROOBEE USD Stock Forecast
ROOBEE USD stock price ended at $0.0006 on Tuesday, after gaining 4.46%.
(Updated on Jun 25, 2024)
The ROOBEE USD stock price gained 4.46% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0006 to $0.0006. During the last trading day the stock fluctuated 3.67% from a day low at $0.0006 to a day high of $0.0006. The price has fallen in 7 of the last 10 days and is down by -8.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 48 thousand more shares were traded than the day before. In total, 181 thousand shares were bought and sold for approximately $106.04 .
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 -48.39% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0003 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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ROOBEEUSD Signals & Forecast
There are mixed signals in the stock today. The ROOBEE 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 $0.0006 and $0.0006. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.46%. 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). ROOBEE USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ROOBEE USD stock
ROOBEE USD finds support from accumulated volume at $0.0006 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.000021 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 3.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROOBEEUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ROOBEE USD to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0006, which gives a possible trading interval of +/-$0.00003003 (+/-5.13%) up or down from last closing price. If ROOBEE USD takes out the full calculated possible swing range there will be an estimated 10.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0006 (3.93%) than the support at $0.0006 (4.27%), 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 ROOBEE USD stock A Buy?
ROOBEE 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.
Current score: -1.238 Sell Candidate Unchanged
Predicted Opening Price for ROOBEE USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0006 ( 0.285%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROOBEEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 3.30% |
| R2 | 0.0006 | 1.93% |
| R1 | 0.0006 | 1.09% |
| Price | 0.0006 | |
| S1 | 0.0006 | -1.66% |
| S2 | 0.0006 | -2.50% |
| S3 | 0.0006 | -3.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 8.38% |
| R2 | 0.0006 | 7.18% |
| R1 | 0.0006 | 3.93% |
| Price | 0.0006 | |
| S1 | 0.0006 | -4.27% |
| S2 | 0 | - |
| S3 | 0 | - |
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