Safe Haven USD Stock Forecast
High volatility in Safe Haven USD stock price on Friday which ended trading at $0.0002
(Updated on Jun 28, 2024)
The Safe Haven USD stock price fell by -6.00% on the last day (Friday, 28th Jun 2024) from $0.0003 to $0.0002. During the last trading day the stock fluctuated 14.89% from a day low at $0.0002 to a day high of $0.0003. The price has been going up and down for this period, and there has been a -9.27% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $0.691 .
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 -36.78% during the next 3 months and, with a 90% probability hold a price between $0.00006785 and $0.0002 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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SHAUSD 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 Safe Haven 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 $0.0002 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -6.00%. Further fall is indicated until a new bottom pivot has been found. Safe Haven USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Safe Haven USD stock
Safe Haven USD finds support from accumulated volume at $0.0002 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 $0.000035 between high and low, or 14.89%. For the last week, the stock has had daily average volatility of 8.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHAUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Safe Haven USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00003534 (+/-15.04%) up or down from last closing price. If Safe Haven USD takes out the full calculated possible swing range there will be an estimated 30.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (0.43%) than the resistance at $0.0003 (9.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Safe Haven USD stock A Buy?
Safe Haven 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.611 Sell Candidate Downgraded
Predicted Opening Price for Safe Haven USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0002 ( 4.96%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 19.86% |
| R2 | 0.0003 | 14.17% |
| R1 | 0.0003 | 10.65% |
| Price | 0.0002 | |
| S1 | 0.0002 | -0.725% |
| S2 | 0.0002 | -4.24% |
| S3 | 0.0002 | -9.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 23.40% |
| R2 | 0.0003 | 22.13% |
| R1 | 0.0003 | 9.79% |
| Price | 0.0002 | |
| S1 | 0.0002 | -0.426% |
| S2 | 0.0002 | -0.85% |
| S3 | 0.0002 | -13.62% |
FAQ
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