SokuSwap USD Stock Forecast
SokuSwap USD stock price ended at $0.0004 on Tuesday, after gaining 2.27%.
(Updated on Jun 25, 2024)
The SokuSwap USD stock price gained 2.27% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0004 to $0.0004. During the last trading day the stock fluctuated 1.69% from a day low at $0.0004 to a day high of $0.0004. The price has fallen in 5 of the last 10 days and is down by -5% for this period. Volume fell on the last day by -9 shares and in total, 26 shares were bought and sold for approximately $0.0094 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0003 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SokuSwap USD stock with a 90% probability to be traded between $0.0003 and $0.0004 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SOKUUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SokuSwap 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 $0.0004 and $0.0004. 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). 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 SokuSwap USD stock
SokuSwap USD finds support from accumulated volume at $0.0004 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000006 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOKUUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SokuSwap USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00000964 (+/-2.67%) up or down from last closing price. If SokuSwap USD takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (1.39%) than the support at $0.0004 (1.66%), 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 SokuSwap USD stock A Buy?
SokuSwap USD holds several negative signals and is within a 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.
Current score: -1.034 Sell Candidate Unchanged
Predicted Opening Price for SokuSwap USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0004 ( 0.554%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOKUUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0004 | 1.11% |
| R2 | 0.0004 | 0.473% |
| R1 | 0.0004 | 0.0809% |
| Price | 0.0004 | |
| S1 | 0.0004 | -1.19% |
| S2 | 0.0004 | -1.58% |
| S3 | 0.0004 | -2.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0004 | 15.51% |
| R2 | 0.0004 | 3.05% |
| R1 | 0.0004 | 1.39% |
| Price | 0.0004 | |
| S1 | 0.0004 | -1.66% |
| S2 | 0.0004 | -1.68% |
| S3 | 0.0004 | -2.64% |
FAQ
Click here for our free guide on how to buy SokuSwap USD Stock.
