TOP USD Stock Forecast
Big movements in TOP USD stock price on Sunday moving 10.98% between high and low
(Updated on Jun 23, 2024)
The TOP USD stock price fell by -7.94% on the last day (Sunday, 23rd Jun 2024) from $0.0003 to $0.0003. During the last trading day the stock fluctuated 10.98% from a day low at $0.0003 to a day high of $0.0003. The price has risen in 5 of the last 10 days. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -75 thousand shares and in total, 969 thousand shares were bought and sold for approximately $247.16 .
The stock lies in the middle of a very wide and 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 -3.90% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0003 at the end of this 3-month period.
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TOPUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.00%. 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 TOP USD 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 $0.0003 and $0.0003. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TOP USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0002 and $0.0002. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TOP USD finds support just below today's level at $0.0002. If this is broken, then the next support from accumulated volume will be at $0.0002 and $0.0002.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000028 between high and low, or 10.98%. For the last week the stock has had daily average volatility of 9.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOPUSD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TOP USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00002948 (+/-11.56%) up or down from last closing price. If TOP USD takes out the full calculated possible swing range there will be an estimated 23.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (7.06%) than the resistance at $0.0003 (10.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOP USD stock A Buy?
TOP 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: -4.065 Sell Candidate Downgraded
Predicted Opening Price for TOP USD of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$0.0003 ( 3.66%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOPUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0003 | 14.64% |
R2 | 0.0003 | 10.45% |
R1 | 0.0003 | 7.85% |
Price | 0.0003 | |
S1 | 0.0003 | -0.534% |
S2 | 0.0002 | -3.13% |
S3 | 0.0002 | -7.32% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0003 | 21.57% |
R2 | 0.0003 | 16.86% |
R1 | 0.0003 | 10.20% |
Price | 0.0003 | |
S1 | 0.0002 | -7.06% |
S2 | 0.0002 | -12.16% |
S3 | 0.0002 | -15.29% |
FAQ
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