Talken USD Stock Forecast

Red day on Friday for Talken USD stock after losing 1.56%
(Updated on Jun 28, 2024)

TALKUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Talken 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 $0.0458 and $0.0778. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Talken 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 very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Talken USD stock

Talken USD finds support from accumulated volume at $0.0423 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0014 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 8.39%.

Talken USD is oversold on RSI14 (19). 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 (TALKUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Talken USD to open at $0.0435, and during the day (based on 14 day Average True Range), to move between $0.0337 and $0.0524, which gives a possible trading interval of +/-$0.0093 (+/-21.74%) up or down from last closing price. If Talken USD takes out the full calculated possible swing range there will be an estimated 43.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0423 (1.64%) than the resistance at $0.0465 (8.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Talken USD stock A Buy?

Talken 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: -4.359 Sell Candidate Unchanged

Predicted Opening Price for Talken USD of Saturday, June 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.