TRY/XAU Stock Forecast

Evaluation of TRY/XAU stock downgraded after the last trading session.
(Updated on Jun 20, 2024)

TRYXAU Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 0.81%. 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 TRY/XAU 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 $0.00001313 and $0.00001314. 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). TRY/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 TRY/XAU stock

TRY/XAU finds support from accumulated volume at $0.00001287 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 $0.00000041 between high and low, or 3.18%. For the last week the stock has had daily average volatility of 1.77%.

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

Trading Expectations (TRYXAU) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect TRY/XAU to open at $0.00001298, and during the day (based on 14 day Average True Range), to move between $0.00001266 and $0.00001312, which gives a possible trading interval of +/-$0.00000023 (+/-1.79%) up or down from last closing price. If TRY/XAU takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00001289 (0.00%) than the support at $0.00001287 (0.17%), 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 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 Hold/Accumulate to a Sell candidate.

Current score: -2.633 Sell Candidate Downgraded

Predicted Opening Price for TRY/XAU of Friday, June 21, 2024

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