TE-FOOD USD Stock Forecast

TE-FOOD USD stock price took a fall of -9.80% on Friday
(Updated on Jun 28, 2024)

TONEUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The TE-FOOD 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 $0.0007 and $0.0007. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, April 06, 2024, and so far it has fallen -78.63%. Further fall is indicated until a new bottom pivot has been found. TE-FOOD 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 TE-FOOD USD stock

TE-FOOD USD finds support from accumulated volume at $0.0007 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 $0.000043 between high and low, or 6.31%. For the last week, the stock has had daily average volatility of 23.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TONEUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect TE-FOOD USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0009, which gives a possible trading interval of +/-$0.0002 (+/-35.48%) up or down from last closing price. If TE-FOOD USD takes out the full calculated possible swing range there will be an estimated 70.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0007 (1.32%) than the resistance at $0.0007 (6.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TE-FOOD USD stock A Buy?

TE-FOOD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.858 Sell Candidate Downgraded

Predicted Opening Price for TE-FOOD USD of Saturday, June 29, 2024

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