SOLCash USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for SOLCash USD stock price after Thursday trading.
(Updated on Jun 27, 2024)
The SOLCash USD stock price fell by -1.47% on the last day (Thursday, 27th Jun 2024) from $0.000068 to $0.000067. During the last trading day the stock fluctuated 3.03% from a day low at $0.000066 to a day high of $0.000068. The price has been going up and down for this period, and there has been a -11.84% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -328 shares and in total, 36 shares were bought and sold for approximately $0.0024 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.92% during the next 3 months and, with a 90% probability hold a price between $0.00004540 and $0.00007567 at the end of this 3-month period.
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SOLCASHUSD Signals & Forecast
There are few to no technical positive signals at the moment. The SOLCash 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 $0.00006971 and $0.00006990. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 09, 2024, and so far it has fallen -22.99%. 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 SOLCash USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.000063 and $0.000062. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SOLCash USD finds support just below today's level at $0.000063. If this is broken, then the next support from accumulated volume will be at $0.000062 and $0.00006.
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 $0.000002 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 2.66%.
SOLCash USD is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOLCASHUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect SOLCash USD to open at $0.000067, and during the day (based on 14 day Average True Range), to move between $0.00006514 and $0.00006886, which gives a possible trading interval of +/-$0.00000186 (+/-2.77%) up or down from last closing price. If SOLCash USD takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000068 (1.49%) than the support at $0.000063 (5.97%), 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 SOLCash USD stock A Buy?
SOLCash USD holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.692 Sell Candidate Upgraded
Predicted Opening Price for SOLCash USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.000067 ( 0%) | $0.000067 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOLCASHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000069 | 2.99% |
| R2 | 0.00006824 | 1.84% |
| R1 | 0.00006776 | 1.14% |
| Price | 0.000067 | |
| S1 | 0.00006624 | -1.14% |
| S2 | 0.00006576 | -1.84% |
| S3 | 0.000065 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000081 | 20.90% |
| R2 | 0.000075 | 11.94% |
| R1 | 0.000068 | 1.49% |
| Price | 0.000067 | |
| S1 | 0.000063 | -5.97% |
| S2 | 0.000062 | -7.46% |
| S3 | 0.00006 | -10.45% |
FAQ
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