Saber USD Stock Forecast
On Thursday, Saber USD stock price gained an impressive 5.79%
(Updated on Jun 27, 2024)
The Saber USD stock price gained 5.79% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0017 to $0.0018. During the last trading day the stock fluctuated 7.55% from a day low at $0.0017 to a day high of $0.0018. The price has fallen in 6 of the last 10 days and is down by -1.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 77 thousand shares were bought and sold for approximately $138.47 .
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 -48.37% during the next 3 months and, with a 90% probability hold a price between $0.0008 and $0.0012 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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SBRUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 12.77%. 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). Saber 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Saber USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0021. On a fall, the stock will find some support from the short-term average at $0.0017. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Saber USD stock
Saber USD finds support from accumulated volume at $0.0017 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0001 between high and low, or 7.55%. For the last week, the stock has had daily average volatility of 8.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBRUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Saber USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0019, which gives a possible trading interval of +/-$0.0001 (+/-7.19%) up or down from last closing price. If Saber USD takes out the full calculated possible swing range there will be an estimated 14.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0019 (3.04%) than the support at $0.0017 (4.81%), 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 Saber USD stock A Buy?
Saber 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: -2.773 Sell Candidate Unchanged
Predicted Opening Price for Saber USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0018 ( 1.84%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0019 | 5.23% |
| R2 | 0.0019 | 2.53% |
| R1 | 0.0018 | 0.86% |
| Price | 0.0018 | |
| S1 | 0.0017 | -4.54% |
| S2 | 0.0017 | -6.21% |
| S3 | 0.0016 | -8.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0023 | 24.75% |
| R2 | 0.0020 | 12.15% |
| R1 | 0.0019 | 3.04% |
| Price | 0.0018 | |
| S1 | 0.0017 | -4.81% |
| S2 | 0.0017 | -8.07% |
| S3 | 0.0016 | -9.50% |
FAQ
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