spurdo USD Cryptocurrency Forecast

spurdo USD cryptocurrency upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on May 16, 2024)

SPURDOUSD Signals & Forecast

The spurdo USD cryptocurrency 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 cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.00000001. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00000001. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for spurdo USD cryptocurrency

spurdo USD finds support from accumulated volume at $0.00000001 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 1.58%

Our recommended stop-loss: $0.00000001 (-6.14%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (SPURDOUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect spurdo USD to open at $0.00000001, and during the day (based on 14 day Average True Range), to move between $0.00000001 and $0.00000001, which gives a possible trading interval of +/-$0.00000000 (+/-4.74%) up or down from last closing price. If spurdo USD takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000001 (0.81%) than the support at $0.00000001 (4.18%), 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 spurdo USD cryptocurrency A Buy?

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

Current score: 1.036 Buy Candidate Upgraded

Predicted Opening Price for spurdo USD of Friday, May 17, 2024

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