SOLCash USD Stock Forecast

SOLCash USD stock upgraded from Hold/Accumulate to Buy Candidate after Saturday trading session.
(Updated on Jun 22, 2024)

SOLCASHUSD Signals & Forecast

The SOLCash USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.00007586. On a fall, the stock will find some support from the long-term average at approximately $0.00006887. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. SOLCash 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Sunday, June 09, 2024, and so far it has fallen -13.79%. 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).

Support, Risk & Stop-loss for SOLCash USD stock

SOLCash USD finds support from accumulated volume at $0.000072 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.541%.

Our recommended stop-loss: $0.00007067 (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (SOLCASHUSD) For The Upcoming Trading Day Of Sunday 23rd

For the upcoming trading day on Sunday, 23rd we expect SOLCash USD to open at $0.000075, and during the day (based on 14 day Average True Range), to move between $0.00007306 and $0.00007694, which gives a possible trading interval of +/-$0.00000194 (+/-2.59%) up or down from last closing price. If SOLCash USD takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.000072 (4.00%) than the resistance at $0.000081 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SOLCash USD stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.499 Buy Candidate Upgraded

Predicted Opening Price for SOLCash USD of Sunday, June 23, 2024

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