TRAVA.FINANCE USD Stock Forecast
TRAVA.FINANCE USD stock upgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The TRAVA.FINANCE USD stock price gained 0.85% on the last trading day (Friday, 28th Jun 2024), rising from $0.0001 to $0.0001. During the last trading day the stock fluctuated 7.89% from a day low at $0.0001 to a day high of $0.0001. The price has fallen in 7 of the last 10 days and is down by -20.27% for this period. Volume fell on the last day by -6 thousand shares and in total, 54 thousand shares were bought and sold for approximately $6.31 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0001 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -61.62% during the next 3 months and, with a 90% probability hold a price between $0.00004266 and $0.0001 at the end of this 3-month period.
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TRAVAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.85%. 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 TRAVA.FINANCE 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 $0.0001 and $0.0002. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TRAVA.FINANCE USD stock
TRAVA.FINANCE USD finds support from accumulated volume at $0.0001 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000009 between high and low, or 7.89%. For the last week the stock has had daily average volatility of 9.19%.
TRAVA.FINANCE USD is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRAVAUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect TRAVA.FINANCE USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00009719 and $0.0001, which gives a possible trading interval of +/-$0.00002081 (+/-17.63%) up or down from last closing price. If TRAVA.FINANCE USD takes out the full calculated possible swing range there will be an estimated 35.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0001 (0.85%) than the resistance at $0.0001 (11.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRAVA.FINANCE USD stock A Buy?
TRAVA.FINANCE 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.877 Sell Candidate Upgraded
Predicted Opening Price for TRAVA.FINANCE USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0001 ( 0.282%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRAVAUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0001 | 7.91% |
R2 | 0.0001 | 5.00% |
R1 | 0.0001 | 3.20% |
Price | 0.0001 | |
S1 | 0.0001 | -2.63% |
S2 | 0.0001 | -4.43% |
S3 | 0.0001 | -7.34% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0001 | 16.10% |
R2 | 0.0001 | 14.41% |
R1 | 0.0001 | 11.86% |
Price | 0.0001 | |
S1 | 0.0001 | -0.85% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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