UrDEX Finance USD Cryptocurrency Forecast

Stronger technical forecast for UrDEX Finance USD cryptocurrency price after Friday trading.
(Updated on May 17, 2024)

URDUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The UrDEX Finance USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0042. On a fall, the cryptocurrency will find some support from the short-term average at $0.0041. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). UrDEX Finance USD 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. A buy signal was issued from a pivot bottom point on Saturday, May 11, 2024, and so far it has risen 0.751%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for UrDEX Finance USD cryptocurrency

UrDEX Finance USD finds support from accumulated volume at $0.0040 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0.00004965 between high and low, or 1.21%. For the last week the cryptocurrency has had daily average volatility of 0.91%.

Our recommended stop-loss: $0.0039 (-4.91%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (URDUSD) For The Upcoming Trading Day Of Saturday 18th

For the upcoming trading day on Saturday, 18th we expect UrDEX Finance USD to open at $0.0041, and during the day (based on 14 day Average True Range), to move between $0.0041 and $0.0042, which gives a possible trading interval of +/-$0.00005296 (+/-1.29%) up or down from last closing price. If UrDEX Finance USD takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0040 (1.79%) than the resistance at $0.0043 (4.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is UrDEX Finance USD cryptocurrency A Buy?

UrDEX Finance USD 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 cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for UrDEX Finance USD of Saturday, May 18, 2024

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