SHIBIC USD Stock Forecast

Red day on Friday for SHIBIC USD stock after losing 0.104%
(Updated on Jun 28, 2024)

SHIBICUSD Signals & Forecast

The SHIBIC USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.00000003. On a fall, the stock will find some support from the long-term average at approximately $0.00000002. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -0.201%. 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 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. The stock had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for SHIBIC USD stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.00000000 between high and low, or 0.220%. For the last week the stock has had daily average volatility of 0.138%

Our recommended stop-loss: $0.00000003 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (SHIBICUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect SHIBIC USD to open at $0.00000003, and during the day (based on 14 day Average True Range), to move between $0.00000003 and $0.00000003, which gives a possible trading interval of +/-$0.00000000 (+/-0.80%) up or down from last closing price. If SHIBIC USD takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.00000003, some $0.00000000 (0.12%) from the current price of $0.00000003, our system finds the risk reward not very attractive.

Is SHIBIC USD stock A Buy?

SHIBIC USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for SHIBIC USD of Saturday, June 29, 2024

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