THB/XAU Stock Forecast
Evaluation of THB/XAU stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The THB/XAU stock price fell by -1.45% on the last day (Thursday, 20th Jun 2024) from $0.00001171 to $0.00001154. During the last trading day the stock fluctuated 1.61% from a day low at $0.00001154 to a day high of $0.00001172. The price has fallen in 5 of the last 10 days and is down by -0.13% for this period. Volume has increased on the last day by 7 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, 2 thousand shares were bought and sold for approximately $0.0192 .
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 -3.81% during the next 3 months and, with a 90% probability hold a price between $0.00001076 and $0.00001174 at the end of this 3-month period.
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THBXAU Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 21, 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 THB/XAU stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.00001170 and $0.00001162. 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). THB/XAU 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 THB/XAU stock
THB/XAU finds support from accumulated volume at $0.00001149 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 $0.00000019 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 0.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THBXAU) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect THB/XAU to open at $0.00001160, and during the day (based on 14 day Average True Range), to move between $0.00001142 and $0.00001165, which gives a possible trading interval of +/-$0.00000011 (+/-0.99%) up or down from last closing price. If THB/XAU takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00001154 (0.03%) than the support at $0.00001149 (0.45%), 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?
THB/XAU holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.679 Sell Candidate Downgraded
Predicted Opening Price for THB/XAU of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.00001160 ( 0.524%) | $0.00001154 |
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 | 0.00001178 | 2.13% |
R2 | 0.00001171 | 1.52% |
R1 | 0.00001167 | 1.14% |
Price | 0.00001154 | |
S1 | 0.00001153 | -0.0897% |
S2 | 0.00001148 | -0.469% |
S3 | 0.00001141 | -1.08% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00001215 | 5.29% |
R2 | 0.00001156 | 0.152% |
R1 | 0.00001154 | 0.0283% |
Price | 0.00001154 | |
S1 | 0.00001149 | -0.455% |
S2 | 0.00001144 | -0.87% |
S3 | 0.00001142 | -1.06% |
FAQ
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