sUSD USD Stock Forecast
Red day on Tuesday for sUSD USD stock after losing 0.403%
(Updated on Jun 18, 2024)
The sUSD USD stock price fell by -0.403% on the last day (Tuesday, 18th Jun 2024) from $1.00 to $1.00. During the last trading day the stock fluctuated 0.425% from a day low at $1.00 to a day high of $1.00. The price has been going up and down for this period, and there has been a -0.26% loss for the last 2 weeks. Volume has increased on the last day by 658 thousand 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, 868 thousand shares were bought and sold for approximately $864.19 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.00 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect sUSD USD stock with a 90% probability to be traded between $0.94 and $1.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SUSDUSD Signals & Forecast
The sUSD USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.00. On a fall, the stock will find some support from the long-term average at approximately $0.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -0.512%. 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). sUSD USD 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 stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.
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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.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 stock in question.
Support, Risk & Stop-loss for sUSD USD stock
sUSD USD finds support from accumulated volume at $0.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0042 between high and low, or 0.425%. For the last week the stock has had daily average volatility of 0.222%.
Our recommended stop-loss: $0.94 (-5.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (SUSDUSD) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect sUSD USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.00, which gives a possible trading interval of +/-$0.0042 (+/-0.42%) up or down from last closing price. If sUSD USD takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.00 (0.25%) than the support at $0.99 (0.33%), 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 sUSD USD stock A Buy?
sUSD USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.542 Hold/Accumulate Unchanged
Predicted Opening Price for sUSD USD of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $1.00 ( 0.131%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.556% |
| R2 | 1.00 | 0.394% |
| R1 | 1.00 | 0.293% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0314% |
| S2 | 0.99 | -0.132% |
| S3 | 0.99 | -0.294% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.425% |
| R2 | 1.00 | 0.337% |
| R1 | 1.00 | 0.247% |
| Price | 1.00 | |
| S1 | 0.99 | -0.334% |
| S2 | 0.99 | -0.358% |
| S3 | 0.95 | -5.04% |
FAQ
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