SaitaRealty USD Cryptocurrency Forecast

SaitaRealty USD cryptocurrency downgraded from Hold/Accumulate to Sell Candidate after Saturday trading session.
(Updated on May 18, 2024)

SRLTYUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". 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. The SaitaRealty 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 $0.000076 and $0.0001. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for SaitaRealty USD cryptocurrency

There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000003 between high and low, or 4.29%. For the last week, the cryptocurrency has had daily average volatility of 9.32%.

SaitaRealty USD is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (SRLTYUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect SaitaRealty USD to open at $0.00007167, and during the day (based on 14 day Average True Range), to move between $0.00006368 and $0.00008032, which gives a possible trading interval of +/-$0.00000832 (+/-11.55%) up or down from last closing price. If SaitaRealty USD takes out the full calculated possible swing range there will be an estimated 23.11% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.00008, some $0.000008 (11.11%) from the current price of $0.000072, our system finds the risk reward not very attractive.

Is SaitaRealty USD cryptocurrency A Buy?

SaitaRealty 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 Hold/Accumulate to a Sell candidate.

Current score: -4.966 Sell Candidate Downgraded

Predicted Opening Price for SaitaRealty USD of Sunday, May 19, 2024

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