Scream USD Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Scream USD cryptocurrency price after Saturday trading.
(Updated on Jun 01, 2024)
The Scream USD cryptocurrency price fell by -0.93% on the last day (Saturday, 1st Jun 2024) from $0.729 to $0.723. It has now fallen 5 days in a row. During the last trading day the cryptocurrency fluctuated 1.78% from a day low at $0.716 to a day high of $0.728. The price has fallen in 7 of the last 10 days and is down by -11.36% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -2 thousand shares and in total, 728 shares were bought and sold for approximately $526.02 .
The cryptocurrency 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 cryptocurrency is expected to fall -41.89% during the next 3 months and, with a 90% probability hold a price between $0.112 and $0.558 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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SCREAMUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Scream USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.759 and $0.743. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -55.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency 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 Scream USD cryptocurrency
Scream USD finds support from accumulated volume at $0.716 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0127 between high and low, or 1.78%. For the last week the cryptocurrency has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCREAMUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Scream USD to open at $0.722, and during the day (based on 14 day Average True Range), to move between $0.684 and $0.762, which gives a possible trading interval of +/-$0.0390 (+/-5.40%) up or down from last closing price. If Scream USD takes out the full calculated possible swing range there will be an estimated 10.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.716 (0.91%) than the resistance at $0.732 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scream USD cryptocurrency A Buy?
Scream 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 cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.587 Sell Candidate Upgraded
Predicted Opening Price for Scream USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.722 ( 0.0466%) | $0.723 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCREAMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.735 | 1.71 % | |
| R2 | 0.730 | 1.04 % | ||
| R1 | 0.727 | 0.625 % | ||
| Current price: | 0.723 | |||
| Support | S1 | 0.717 | -0.719 % | |
| S2 | 0.714 | -1.13 % | ||
| S3 | 0.710 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 22.34 % | |
| R2 | 0.83 | 15.41 % | ||
| R1 | 0.732 | 1.32 % | ||
| Current price | 0.723 | |||
| Support | S1 | 0.716 | -0.91% | |
| S2 | 0.702 | -2.87% | ||
| S3 | 0.671 | -7.14% |
FAQ
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