Skeb Coin USD Stock Forecast

Red day on Tuesday for Skeb Coin USD stock after losing 0.128%
(Updated on Jun 25, 2024)

SKEBUSD Signals & Forecast

There are mixed signals in the stock today. The Skeb Coin 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 $0.0017. On a fall, the stock will find some support from the short-term average at $0.0015. 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -47.12%. Further fall is indicated until a new bottom pivot has been found. Skeb Coin 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, April 22, 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 Skeb Coin USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0014 and $0.0014. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Skeb Coin USD finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0014.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.000012 (0.773%) between high and low. For the last week, the stock has had daily average volatility of 4.66%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SKEBUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Skeb Coin USD to open at $0.0016, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0017, which gives a possible trading interval of +/-$0.00009323 (+/-5.98%) up or down from last closing price. If Skeb Coin USD takes out the full calculated possible swing range there will be an estimated 11.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0014 (7.50%) than the resistance at $0.0018 (14.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Skeb Coin USD stock A Buy?

Skeb Coin 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: -3.327 Sell Candidate Unchanged

Predicted Opening Price for Skeb Coin USD of Wednesday, June 26, 2024

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