Fable Of The Dragon USD Stock Forecast
Fable Of The Dragon USD stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
The Fable Of The Dragon USD stock price gained 0.126% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0713 to $0.0714. During the last trading day the stock fluctuated 1.36% from a day low at $0.0713 to a day high of $0.0723. The price has fallen in 6 of the last 10 days and is down by -14.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $150.28 .
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 -32.23% during the next 3 months and, with a 90% probability hold a price between $0.0301 and $0.0689 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TYRANTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.534%. Further rise is indicated until a new top pivot has been found. Fable Of The Dragon USD 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. The Fable Of The Dragon 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 $0.0732 and $0.0867. 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).
Support, Risk & Stop-loss for Fable Of The Dragon USD stock
Fable Of The Dragon USD finds support from accumulated volume at $0.0713 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 $0.0010 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TYRANTUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fable Of The Dragon USD to open at $0.0717, and during the day (based on 14 day Average True Range), to move between $0.0676 and $0.0752, which gives a possible trading interval of +/-$0.0038 (+/-5.31%) up or down from last closing price. If Fable Of The Dragon USD takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0713 (0.13%) than the resistance at $0.0731 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fable Of The Dragon USD stock A Buy?
Fable Of The Dragon 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 Sell to a Strong Sell candidate.
Current score: -5.749 Strong Sell Candidate Downgraded
Predicted Opening Price for Fable Of The Dragon USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0717 ( 0.368%) | $0.0714 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYRANTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0726 | 1.72% |
| R2 | 0.0723 | 1.21% |
| R1 | 0.0720 | 0.89% |
| Price | 0.0714 | |
| S1 | 0.0713 | -0.150% |
| S2 | 0.0711 | -0.470% |
| S3 | 0.0707 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0845 | 18.32% |
| R2 | 0.0748 | 4.80% |
| R1 | 0.0731 | 2.33% |
| Price | 0.0714 | |
| S1 | 0.0713 | -0.126% |
| S2 | 0.0710 | -0.531% |
| S3 | 0.0668 | -6.48% |
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