Super Zero Protocol USD Stock Forecast
Super Zero Protocol USD stock price ended at $0.0048 on Friday, after losing 1.85%.
(Updated on Jun 28, 2024)
The Super Zero Protocol USD stock price fell by -1.85% on the last day (Friday, 28th Jun 2024) from $0.0049 to $0.0048. During the last trading day the stock fluctuated 5.89% from a day low at $0.0047 to a day high of $0.0049. The price has risen in 6 of the last 10 days but is still down by -2.3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -51 thousand shares and in total, 475 thousand shares were bought and sold for approximately $2.30 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0047 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.65% during the next 3 months and, with a 90% probability hold a price between $0.0057 and $0.0088 at the end of this 3-month period.
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SEROUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 3.77%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Super Zero Protocol 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 $0.0053. On a fall, the stock will find some support from the short-term average at $0.0048. 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. 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 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.
A sell signal from a double top formation was found on Sunday, June 09, 2024 with a target of $0.0049. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Super Zero Protocol USD stock
Super Zero Protocol USD finds support from accumulated volume at $0.0048 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 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 $0.0003 between high and low, or 5.89%. For the last week the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEROUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Super Zero Protocol USD to open at $0.0048, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0051, which gives a possible trading interval of +/-$0.0003 (+/-6.24%) up or down from last closing price. If Super Zero Protocol USD takes out the full calculated possible swing range there will be an estimated 12.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0048 (0.74%) than the resistance at $0.0057 (17.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Super Zero Protocol USD stock A Buy?
Super Zero Protocol 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: -3.579 Sell Candidate Unchanged
Predicted Opening Price for Super Zero Protocol USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0048 ( 0.461%) | $0.0048 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEROUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0051 | 5.22% |
| R2 | 0.0050 | 3.05% |
| R1 | 0.0049 | 1.71% |
| Price | 0.0048 | |
| S1 | 0.0047 | -2.63% |
| S2 | 0.0046 | -3.97% |
| S3 | 0.0045 | -6.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0059 | 21.34% |
| R2 | 0.0058 | 19.42% |
| R1 | 0.0057 | 17.00% |
| Price | 0.0048 | |
| S1 | 0.0048 | -0.744% |
| S2 | 0.0048 | -1.49% |
| S3 | 0.0043 | -10.81% |
FAQ
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