TRY/XAU Stock Forecast

TRY/XAU stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 18, 2024)

TRYXAU Signals & Forecast

The TRY/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 $0.00001319. On a fall, the stock will find some support from the long-term average at approximately $0.00001315. 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 Monday, May 20, 2024, and so far it has risen 3.14%. Further rise is indicated until a new top pivot has been found. TRY/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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for TRY/XAU stock

TRY/XAU finds support from accumulated volume at $0.00001314 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 1.43%. For the last week the stock has had daily average volatility of 1.46%.

Our recommended stop-loss: $0.00001256 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (TRYXAU) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect TRY/XAU to open at $0.00001321, and during the day (based on 14 day Average True Range), to move between $0.00001297 and $0.00001340, which gives a possible trading interval of +/-$0.00000022 (+/-1.64%) up or down from last closing price. If TRY/XAU takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00001320 (0.12%) than the support at $0.00001314 (0.33%), 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 TRY/XAU stock A Buy?

TRY/XAU holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.767 Hold/Accumulate Upgraded

Predicted Opening Price for TRY/XAU of Thursday, June 20, 2024

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