USDX [Lighthouse] USD Stock Forecast
USDX [Lighthouse] USD stock price ended at $0.83 on Sunday, after losing 0.365%.
(Updated on Jun 23, 2024)
The USDX [Lighthouse] USD stock price fell by -0.365% on the last day (Sunday, 23rd Jun 2024) from $0.83 to $0.83. During the last trading day the stock fluctuated 0.87% from a day low at $0.82 to a day high of $0.83. The price has fallen in 6 of the last 10 days but is still up by 1.03% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 273 thousand shares were bought and sold for approximately $226.08 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.10% during the next 3 months and, with a 90% probability hold a price between $0.711 and $0.780 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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USDXUSD Signals & Forecast
The USDX [Lighthouse] USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.82 and $0.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, June 20, 2024 in the short-term chart.
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 Thursday, June 20, 2024 in the short-term chart.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 USDX [Lighthouse] USD stock
USDX [Lighthouse] USD finds support from accumulated volume at $0.82 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0072 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.11%
Our recommended stop-loss: $0.797 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 86 days ago.)
Trading Expectations (USDXUSD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect USDX [Lighthouse] USD to open at $0.83, and during the day (based on 14 day Average True Range), to move between $0.82 and $0.84, which gives a possible trading interval of +/-$0.0106 (+/-1.28%) up or down from last closing price. If USDX [Lighthouse] USD takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.83 (0.22%) than the support at $0.82 (0.39%), 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 USDX [Lighthouse] USD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.671 Buy Candidate Unchanged
Predicted Opening Price for USDX [Lighthouse] USD of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.83 ( 0.0322%) | $0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.83 | 0.84% |
| R2 | 0.83 | 0.506% |
| R1 | 0.83 | 0.300% |
| Price | 0.83 | |
| S1 | 0.82 | -0.365% |
| S2 | 0.82 | -0.570% |
| S3 | 0.82 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.87 | 4.65% |
| R2 | 0.84 | 1.90% |
| R1 | 0.83 | 0.215% |
| Price | 0.83 | |
| S1 | 0.82 | -0.394% |
| S2 | 0.82 | -0.94% |
| S3 | 0.82 | -1.16% |
FAQ
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