Strike USD Stock Forecast
Strike USD stock price up 1.66% on Thursday
(Updated on Jun 20, 2024)
The Strike USD stock price gained 1.66% on the last trading day (Thursday, 20th Jun 2024), rising from $0.721 to $0.733. During the last trading day the stock fluctuated 8.92% from a day low at $0.695 to a day high of $0.757. The price has fallen in 7 of the last 10 days and is down by -34.2% for this period. Volume fell on the last day by -202 thousand shares and in total, 2 million shares were bought and sold for approximately $1.16 million. 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 stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.266 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.88% during the next 3 months and, with a 90% probability hold a price between $0.232 and $8.28 at the end of this 3-month period.
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STRKUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Strike USD stock 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 $0.83 and $1.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -93.00%. 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 also not.
Support, Risk & Stop-loss for Strike USD stock
Strike USD finds support from accumulated volume at $0.722 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0620 between high and low, or 8.92%. For the last week the stock has had daily average volatility of 12.75%.
Strike USD is oversold on RSI14 (11). 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 (STRKUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Strike USD to open at $0.728, and during the day (based on 14 day Average True Range), to move between $0.570 and $0.90, which gives a possible trading interval of +/-$0.163 (+/-22.23%) up or down from last closing price. If Strike USD takes out the full calculated possible swing range there will be an estimated 44.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.722 (1.50%) than the resistance at $0.84 (13.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Strike USD stock A Buy?
Strike USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.112 Strong Sell Candidate Unchanged
Predicted Opening Price for Strike USD of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.728 ( 0.637%) | $0.733 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRKUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.790 | 7.82% |
R2 | 0.767 | 4.59% |
R1 | 0.752 | 2.59% |
Price | 0.733 | |
S1 | 0.705 | -3.87% |
S2 | 0.690 | -5.86% |
S3 | 0.666 | -9.10% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.84 | 13.92% |
Price | 0.733 | |
S1 | 0.722 | -1.50% |
S2 | 0.721 | -1.64% |
S3 | 0 | - |
FAQ
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