Shrapnel USD Cryptocurrency Forecast

Shrapnel USD cryptocurrency price up more than 6.08% on Monday
(Updated on May 20, 2024)

SHRAPUSD Signals & Forecast

The Shrapnel USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.61 and $20.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Shrapnel 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. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -32.99%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Shrapnel USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $22.13 and $20.21. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Shrapnel USD finds support just below today's level at $22.13. If this is broken, then the next support from accumulated volume will be at $20.21 and $19.90.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $1.42 between high and low, or 6.08%. For the last week, the cryptocurrency has had daily average volatility of 3.89%.

Our recommended stop-loss: $23.33 (-5.70%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 114 days ago.)

Trading Expectations (SHRAPUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Shrapnel USD to open at $24.26, and during the day (based on 14 day Average True Range), to move between $23.60 and $25.87, which gives a possible trading interval of +/-$1.13 (+/-4.58%) up or down from last closing price. If Shrapnel USD takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.13 (10.53%) than the resistance at $27.75 (12.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shrapnel USD cryptocurrency A Buy?

Shrapnel 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 Shrapnel USD of Tuesday, May 21, 2024

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