Risecoin USD Stock Forecast

Risecoin USD stock price ended at $0.191 on Wednesday, after losing 2.10%.
(Updated on Jun 26, 2024)

RSCUSD 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 Risecoin 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 $0.208 and $0.274. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -77.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Risecoin USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.177. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0102 between high and low, or 5.49%. For the last week the stock has had daily average volatility of 9.19%.

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

Trading Expectations (RSCUSD) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Risecoin USD to open at $0.191, and during the day (based on 14 day Average True Range), to move between $0.166 and $0.216, which gives a possible trading interval of +/-$0.0251 (+/-13.14%) up or down from last closing price. If Risecoin USD takes out the full calculated possible swing range there will be an estimated 26.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.195 (2.15%) than the support at $0.177 (7.16%), 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 Risecoin USD stock A Buy?

Risecoin 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: -5.255 Strong Sell Candidate Unchanged

Predicted Opening Price for Risecoin USD of Thursday, June 27, 2024

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