CryptoBlades USD Stock Forecast
CryptoBlades USD stock upgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The CryptoBlades USD stock price gained 4.34% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.433 to $0.452. During the last trading day the stock fluctuated 5.38% from a day low at $0.435 to a day high of $0.459. The price has fallen in 6 of the last 10 days and is down by -9.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 357 thousand shares were bought and sold for approximately $161.11 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.430 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.07% during the next 3 months and, with a 90% probability hold a price between $0.309 and $0.452 at the end of this 3-month period.
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SKILLUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.34%. Further rise is indicated until a new top pivot has been found. CryptoBlades 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CryptoBlades 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 $0.453 and $0.554. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CryptoBlades USD stock
CryptoBlades USD finds support from accumulated volume at $0.443 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0234 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SKILLUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect CryptoBlades USD to open at $0.449, and during the day (based on 14 day Average True Range), to move between $0.421 and $0.482, which gives a possible trading interval of +/-$0.0307 (+/-6.80%) up or down from last closing price. If CryptoBlades USD takes out the full calculated possible swing range there will be an estimated 13.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.443 (2.03%) than the resistance at $0.498 (10.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CryptoBlades USD stock A Buy?
CryptoBlades 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.974 Sell Candidate Upgraded
Predicted Opening Price for CryptoBlades USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.449 ( 0.683%) | $0.452 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKILLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.472 | 4.50% |
| R2 | 0.463 | 2.52% |
| R1 | 0.458 | 1.30% |
| Price | 0.452 | |
| S1 | 0.440 | -2.66% |
| S2 | 0.434 | -3.89% |
| S3 | 0.425 | -5.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.501 | 10.88% |
| R2 | 0.500 | 10.62% |
| R1 | 0.498 | 10.27% |
| Price | 0.452 | |
| S1 | 0.443 | -2.03% |
| S2 | 0.433 | -4.16% |
| S3 | 0 | - |
FAQ
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