StormX / US Dollar Cryptocurrency 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
Red day on Sunday for StormX / US Dollar
(Updated on May 05, 2024)
The StormX / US Dollar cryptocurrency price fell by -0.434% on the last day (Sunday, 5th May 2024) from $0.0076 to $0.0076. During the last trading day the cryptocurrency fluctuated 2.53% from a day low at $0.0075 to a day high of $0.0077. The price has fallen in 6 of the last 10 days and is down by -3.11% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $35.56 thousand.
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0070 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 4.16% during the next 3 months and, with a 90% probability hold a price between $0.0073 and $0.0135 at the end of this 3-month period.
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STMXUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The StormX / US Dollar cryptocurrency 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 cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0087. On a fall, the cryptocurrency will find some support from the short-term average at $0.0074. 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 Thursday, March 14, 2024, and so far it has fallen -40.46%. Further fall is indicated until a new bottom pivot has been found. StormX / US Dollar gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for StormX / US Dollar cryptocurrency
StormX / US Dollar finds support from accumulated volume at $0.0072 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0002 between high and low, or 2.53%. For the last week, the cryptocurrency has had daily average volatility of 7.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STMXUSD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect StormX / US Dollar to open at $0.0076, and during the day (based on 14 day Average True Range), to move between $0.0069 and $0.0083, which gives a possible trading interval of +/-$0.0007 (+/-9.24%) up or down from last closing price. If StormX / US Dollar takes out the full calculated possible swing range there will be an estimated 18.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0077 (1.80%) than the support at $0.0072 (4.30%), 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 StormX / US Dollar cryptocurrency A Buy?
StormX / US Dollar 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.
Current score: -3.272 Sell Candidate Unchanged
Predicted Opening Price for StormX / US Dollar of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0076 ( 0.0925%) | $0.0076 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STMXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0078 | 2.59 % | |
| R2 | 0.0077 | 1.64 % | ||
| R1 | 0.0076 | 1.05 % | ||
| Current price: | 0.0076 | |||
| Support | S1 | 0.0075 | -0.86 % | |
| S2 | 0.0075 | -1.45 % | ||
| S3 | 0.0074 | -2.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0083 | 9.55 % | |
| R2 | 0.0078 | 2.50 % | ||
| R1 | 0.0077 | 1.80 % | ||
| Current price | 0.0076 | |||
| Support | S1 | 0.0072 | -4.30% | |
| S2 | 0.0072 | -4.88% | ||
| S3 | 0.0071 | -5.61% |
FAQ
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