USDD USD Stock Forecast
Stronger technical forecast for USDD USD stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The USDD USD stock price gained 0.155% on the last trading day (Tuesday, 25th Jun 2024), rising from $1.00 to $1.00. During the last trading day the stock fluctuated 0.581% from a day low at $0.99 to a day high of $1.00. The price has been going up and down for this period, and there has been a 0.06% gain for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 5 million shares were bought and sold for approximately $5.31 million. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect USDD USD stock with a 90% probability to be traded between $0.98 and $1.02 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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USDDUSD Signals & Forecast
The USDD USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.00 and $1.00. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Sunday, June 02, 2024, and so far it has fallen -1.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Sunday, June 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, September 11, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Sunday, June 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, September 11, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Sunday, June 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, September 11, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for USDD USD stock
USDD USD finds support from accumulated volume at $1.00 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 $0.0058 between high and low, or 0.581%. For the last week the stock has had daily average volatility of 0.516%.
Our recommended stop-loss: $0.94 (-5.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 56 days ago.)
Trading Expectations (USDDUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect USDD USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.00, which gives a possible trading interval of +/-$0.0054 (+/-0.54%) up or down from last closing price. If USDD USD takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.00 (0.01%) than the resistance at $1.00 (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is USDD USD stock A Buy?
USDD USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.307 Hold/Accumulate Upgraded
Predicted Opening Price for USDD USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.00 ( 0.130%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.449% |
| R2 | 1.00 | 0.228% |
| R1 | 1.00 | 0.0910% |
| Price | 1.00 | |
| S1 | 0.99 | -0.351% |
| S2 | 0.99 | -0.488% |
| S3 | 0.99 | -0.709% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.163% |
| R2 | 1.00 | 0.146% |
| R1 | 1.00 | 0.142% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0060% |
| S2 | 1.00 | -0.0461% |
| S3 | 1.00 | -0.133% |
FAQ
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