SkinCoin USD Stock Forecast

Green day on Saturday for SkinCoin USD stock after gaining 0.85%
(Updated on Jun 29, 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 -13.82%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $0.0011 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 $0.000011 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 2.55%.

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 Sunday 30th

For the upcoming trading day on Sunday, 30th 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 +/-$0.00003242 (+/-3.04%) up or down from last closing price. If SkinCoin USD takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0011 (0.19%) than the resistance at $0.0011 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -4.247 Sell Candidate Unchanged

Predicted Opening Price for SkinCoin USD of Sunday, June 30, 2024

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