SmartMesh USD Cryptocurrency Forecast

Weaker technical forecast for SmartMesh USD as cryptocurrency downgraded to Strong Sell Candidate.
(Updated on Jun 25, 2024)

SMTUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The SmartMesh USD cryptocurrency 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 $0.0019 and $0.0023. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 1.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SmartMesh USD cryptocurrency

SmartMesh USD finds support from accumulated volume at $0.0018 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 9.13%. For the last week the cryptocurrency has had daily average volatility of 7.21%.

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

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

For the upcoming trading day on Wednesday, 26th we expect SmartMesh USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0020, which gives a possible trading interval of +/-$0.0002 (+/-9.28%) up or down from last closing price. If SmartMesh USD takes out the full calculated possible swing range there will be an estimated 18.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0018 (1.08%) than the resistance at $0.0020 (8.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SmartMesh USD cryptocurrency A Buy?

SmartMesh 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 cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.417 Strong Sell Candidate Downgraded

Predicted Opening Price for SmartMesh USD of Wednesday, June 26, 2024

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