TerraClassicUSD USD Stock Forecast

TerraClassicUSD USD stock price ended at $0.0189 on Thursday, after losing 1.06%.
(Updated on Jun 20, 2024)

USTCUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.33%. 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 TerraClassicUSD 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 $0.0191 and $0.0218. 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). 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.

Support, Risk & Stop-loss for TerraClassicUSD USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0178 and $0.0177. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TerraClassicUSD USD finds support just below today's level at $0.0178. If this is broken, then the next support from accumulated volume will be at $0.0177 and $0.0173.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0013 between high and low, or 6.81%. For the last week the stock has had daily average volatility of 18.70%.

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

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

For the upcoming trading day on Friday, 21st we expect TerraClassicUSD USD to open at $0.0190, and during the day (based on 14 day Average True Range), to move between $0.0167 and $0.0211, which gives a possible trading interval of +/-$0.0022 (+/-11.87%) up or down from last closing price. If TerraClassicUSD USD takes out the full calculated possible swing range there will be an estimated 23.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0189 (0.14%) than the support at $0.0178 (6.00%), 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 TerraClassicUSD USD stock A Buy?

TerraClassicUSD 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.

Current score: -3.948 Sell Candidate Unchanged

Predicted Opening Price for TerraClassicUSD USD of Friday, June 21, 2024

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