ROVI USD Cryptocurrency Forecast

ROVI USD cryptocurrency price ended at $0.0228 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

ROVIUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The ROVI USD cryptocurrency 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 $0.0228 and $0.0234. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for ROVI USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0206 and $0.0200. 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, ROVI USD finds support just below today's level at $0.0206. If this is broken, then the next support from accumulated volume will be at $0.0200 and $0.0191.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%

Our recommended stop-loss: $0.0215 (-6.00%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)

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

For the upcoming trading day on Saturday, 29th we expect ROVI USD to open at $0.0228, and during the day (based on 14 day Average True Range), to move between $0.0211 and $0.0246, which gives a possible trading interval of +/-$0.0017 (+/-7.53%) up or down from last closing price. If ROVI USD takes out the full calculated possible swing range there will be an estimated 15.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0239 (4.67%) than the support at $0.0206 (9.88%), 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 ROVI USD cryptocurrency A Buy?

ROVI 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 ROVI USD of Saturday, June 29, 2024

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