Router Protocol USD Stock Forecast
Volatile ride for Router Protocol USD stock price on Friday moving between $2.36 and $2.94
(Updated on Jun 28, 2024)
The Router Protocol USD stock price gained 18.61% on the last trading day (Friday, 28th Jun 2024), rising from $2.46 to $2.92. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 24.74% from a day low at $2.36 to a day high of $2.94. The price has been going up and down for this period, and there has been a 25.47% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 888 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $4.83 million.
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 $2.92, a level that may pose a second chance to hit a runner. According to fan-theory $4.14 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ROUTEUSD Signals & Forecast
The Router Protocol USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock 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 $2.40 and $2.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 31.58%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Router Protocol USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.74 and $2.66. 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, Router Protocol USD finds support just below today's level at $2.74. If this is broken, then the next support from accumulated volume will be at $2.66 and $2.63.
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 $0.583 between high and low, or 24.74%. For the last week, the stock has had daily average volatility of 12.06%.
Our recommended stop-loss: $2.81 (-3.70%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (ROUTEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Router Protocol USD to open at $2.74, and during the day (based on 14 day Average True Range), to move between $2.64 and $3.20, which gives a possible trading interval of +/-$0.279 (+/-9.58%) up or down from last closing price. If Router Protocol USD takes out the full calculated possible swing range there will be an estimated 19.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.05 (4.40%) than the support at $2.74 (6.06%), 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 Router Protocol USD stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.466 Buy Candidate Upgraded
Predicted Opening Price for Router Protocol USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$2.74 ( 6.13%) | $2.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROUTEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.32 | 13.86% |
R2 | 3.10 | 6.22% |
R1 | 2.96 | 1.50% |
Price | 2.92 | |
S1 | 2.52 | -13.77% |
S2 | 2.38 | -18.49% |
S3 | 2.16 | -26.13% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.51 | 20.45% |
R2 | 3.36 | 15.27% |
R1 | 3.05 | 4.40% |
Price | 2.92 | |
S1 | 2.74 | -6.06% |
S2 | 2.66 | -8.95% |
S3 | 2.63 | -10.03% |
FAQ
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