StrikeX USD Stock Forecast
StrikeX USD stock price ended at $0.0420 on Thursday, after gaining 1.10%.
(Updated on Jun 20, 2024)
The StrikeX USD stock price gained 1.10% on the last trading day (Thursday, 20th Jun 2024), rising from $0.0416 to $0.0420. During the last trading day the stock fluctuated 4.84% from a day low at $0.0416 to a day high of $0.0436. The price has risen in 6 of the last 10 days but is still down by -13.66% for this period. Volume fell on the last day by -155 thousand shares and in total, 717 thousand shares were bought and sold for approximately $30.11 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 stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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STRXUSD Signals & Forecast
There are few to no technical positive signals at the moment. The StrikeX 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 $0.0434 and $0.0503. 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 04, 2024, and so far it has fallen -60.54%. 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 StrikeX USD stock
StrikeX USD finds support from accumulated volume at $0.0416 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0020 between high and low, or 4.84%. For the last week the stock has had daily average volatility of 6.91%.
StrikeX USD is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STRXUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect StrikeX USD to open at $0.0424, and during the day (based on 14 day Average True Range), to move between $0.0384 and $0.0456, which gives a possible trading interval of +/-$0.0036 (+/-8.51%) up or down from last closing price. If StrikeX USD takes out the full calculated possible swing range there will be an estimated 17.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0416 (1.09%) than the resistance at $0.0447 (6.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is StrikeX USD stock A Buy?
StrikeX 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: -6.092 Strong Sell Candidate Unchanged
Predicted Opening Price for StrikeX USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0424 ( 0.91%) | $0.0420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0444 | 5.70% |
| R2 | 0.0436 | 3.87% |
| R1 | 0.0432 | 2.74% |
| Price | 0.0420 | |
| S1 | 0.0416 | -0.92% |
| S2 | 0.0412 | -2.05% |
| S3 | 0.0404 | -3.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0453 | 7.82% |
| R2 | 0.0448 | 6.53% |
| R1 | 0.0447 | 6.45% |
| Price | 0.0420 | |
| S1 | 0.0416 | -1.09% |
| S2 | 0.0415 | -1.30% |
| S3 | 0 | - |
FAQ
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