SkinCoin USD Stock Forecast

SkinCoin USD stock price ended at $0.0011 on Friday, after losing 2.04%.
(Updated on Jun 28, 2024)

SKINUSD Signals & Forecast

There are few to no technical positive signals at the moment. The SkinCoin 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 $0.0011 and $0.0012. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -14.55%. 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.

Support, Risk & Stop-loss for SkinCoin USD stock

SkinCoin USD finds support from accumulated volume at $0.0010 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.000035 between high and low, or 3.32%. For the last week the stock has had daily average volatility of 3.47%.

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

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

For the upcoming trading day on Saturday, 29th we expect SkinCoin USD to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0011, which gives a possible trading interval of +/-$0.00003390 (+/-3.21%) up or down from last closing price. If SkinCoin USD takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0011 (0.66%) than the support at $0.0010 (0.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is SkinCoin USD stock A Buy?

The SkinCoin USD stock holds several negative signals and despite the positive trend, we believe SkinCoin USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.244 Sell Candidate Unchanged

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

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