THB/XAU Stock Forecast
THB/XAU stock price up 0.180% on Tuesday
(Updated on Jun 18, 2024)
The THB/XAU stock price gained 0.180% on the last trading day (Tuesday, 18th Jun 2024), rising from $0.00001169 to $0.00001171. During the last trading day the stock fluctuated 0.747% from a day low at $0.00001169 to a day high of $0.00001177. The price has fallen in 5 of the last 10 days and is down by -0.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $0.0194 .
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.92% during the next 3 months and, with a 90% probability hold a price between $0.00001059 and $0.00001164 at the end of this 3-month period. 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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THBXAU Signals & Forecast
Mostly positive signals in the chart today. The THB/XAU 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 $0.00001173. On a fall, the stock will find some support from the long-term average at approximately $0.00001163. 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. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 3.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). THB/XAU has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for THB/XAU stock
THB/XAU finds support from accumulated volume at $0.00001156 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 $0.00000009 between high and low, or 0.747%. For the last week the stock has had daily average volatility of 0.708%.
Our recommended stop-loss: $0.00001115 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (THBXAU) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect THB/XAU to open at $0.00001172, and during the day (based on 14 day Average True Range), to move between $0.00001160 and $0.00001182, which gives a possible trading interval of +/-$0.00000011 (+/-0.93%) up or down from last closing price. If THB/XAU takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00001173 (0.20%) than the support at $0.00001156 (1.30%), 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 THB/XAU stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.383 Buy Candidate Unchanged
Predicted Opening Price for THB/XAU of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $0.00001172 ( 0.131%) | $0.00001171 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THBXAU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001181 | 0.88% |
| R2 | 0.00001178 | 0.592% |
| R1 | 0.00001176 | 0.416% |
| Price | 0.00001171 | |
| S1 | 0.00001169 | -0.154% |
| S2 | 0.00001167 | -0.329% |
| S3 | 0.00001164 | -0.614% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001266 | 8.13% |
| R2 | 0.00001215 | 3.76% |
| R1 | 0.00001173 | 0.198% |
| Price | 0.00001171 | |
| S1 | 0.00001156 | -1.30% |
| S2 | 0.00001154 | -1.42% |
| S3 | 0.00001149 | -1.90% |
FAQ
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