STIMA USD Cryptocurrency Forecast
Stronger technical forecast for STIMA USD cryptocurrency price after Monday trading.
(Updated on May 20, 2024)
The STIMA USD cryptocurrency price gained 1.18% on the last trading day (Monday, 20th May 2024), rising from $1.00 to $1.02. During the last trading day the cryptocurrency fluctuated 1.49% from a day low at $1.00 to a day high of $1.02. The price has risen in 5 of the last 10 days and is up by 1.18% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 30 thousand shares were bought and sold for approximately $30.65 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $1.01 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the cryptocurrency is predicted to reach $1.03 sometime during the next 3 months.
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STIMAUSD Signals & Forecast
The STIMA USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.01 and $1.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 1.57%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The cryptocurrency had a Golden Star Signal on Wednesday, May 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star
The cryptocurrency had a Golden Star Signal on Wednesday, May 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Wednesday, May 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
A buy signal from a double bottom formation was found on Tuesday, May 07, 2024 with a target of $1.01. Despite whether the objective of the signal formation has been reached the cryptocurrency may continue to perform well.
Support, Risk & Stop-loss for STIMA USD cryptocurrency
STIMA USD finds support from accumulated volume at $1.01 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 $0.0149 between high and low, or 1.49%. For the last week the cryptocurrency has had daily average volatility of 1.25%
Our recommended stop-loss: $0.95 (-6.52%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 64 days ago.)
Trading Expectations (STIMAUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect STIMA USD to open at $1.01, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.03, which gives a possible trading interval of +/-$0.0123 (+/-1.21%) up or down from last closing price. If STIMA USD takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.01 (0.10%) than the resistance at $1.02 (0.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is STIMA USD cryptocurrency A Buy?
STIMA USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.522 Hold/Accumulate Upgraded
Predicted Opening Price for STIMA USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $1.01 ( 0.483%) | $1.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STIMAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 0.98 % | |
| R2 | 1.02 | 0.424 % | ||
| R1 | 1.02 | 0.0773 % | ||
| Current price: | 1.02 | |||
| Support | S1 | 1.01 | -1.04 % | |
| S2 | 1.00 | -1.39 % | ||
| S3 | 1.00 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.02 | 0.307 % | |
| R2 | 1.02 | 0.139 % | ||
| R1 | 1.02 | 0.113 % | ||
| Current price | 1.02 | |||
| Support | S1 | 1.01 | -0.101% | |
| S2 | 1.00 | -1.39% | ||
| S3 | 1.00 | -1.39% |
FAQ
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