SafeSwap USD Stock Forecast

Volatile ride for SafeSwap USD stock price on Friday moving between $0.000033 and $0.0002
(Updated on Jun 28, 2024)

SSGTXUSD Signals & Forecast

There are few to no technical positive signals at the moment. The SafeSwap USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0001. On a fall, the stock will find some support from the short-term average at $0.00008671. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Saturday, June 15, 2024, and so far it has fallen -68.00%. 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 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 SafeSwap USD stock

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

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 457.58%. For the last week the stock has had daily average volatility of 145.93%.

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

Trading Expectations (SSGTXUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect SafeSwap USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00000861 and $0.0002, which gives a possible trading interval of +/-$0.0001 (+/-92.31%) up or down from last closing price. If SafeSwap USD takes out the full calculated possible swing range there will be an estimated 184.62% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0001, some $0.000017 (15.18%) from the current price of $0.0001, our system finds the risk reward not very attractive.

Is SafeSwap USD stock A Buy?

The SafeSwap USD stock holds several negative signals and despite the positive trend, we believe SafeSwap USD will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.370 Sell Candidate Upgraded

Predicted Opening Price for SafeSwap USD of Saturday, June 29, 2024

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