BLOCKv USD Stock Forecast
Volatile ride for BLOCKv USD stock price on Friday moving between $0.0081 and $0.0094
(Updated on Jun 28, 2024)
The BLOCKv USD stock price gained 6.39% on the last trading day (Friday, 28th Jun 2024), rising from $0.0081 to $0.0086. During the last trading day the stock fluctuated 16.88% from a day low at $0.0081 to a day high of $0.0094. The price has risen in 6 of the last 10 days and is up by 16.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $397.29 .
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 -14.20% during the next 3 months and, with a 90% probability hold a price between $0.0050 and $0.0099 at the end of this 3-month period.
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VEEUSD Signals & Forecast
Mostly positive signals in the chart today. The BLOCKv 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 $0.0080 and $0.0081. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 23.25%. 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). BLOCKv 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.
Support, Risk & Stop-loss for BLOCKv USD stock
BLOCKv USD finds support from accumulated volume at $0.0083 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0014 between high and low, or 16.88%. For the last week, the stock has had daily average volatility of 8.50%.
Our recommended stop-loss: $0.0083 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (VEEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect BLOCKv USD to open at $0.0087, and during the day (based on 14 day Average True Range), to move between $0.0076 and $0.0096, which gives a possible trading interval of +/-$0.0010 (+/-11.63%) up or down from last closing price. If BLOCKv USD takes out the full calculated possible swing range there will be an estimated 23.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0083 (2.77%) than the resistance at $0.0095 (10.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BLOCKv 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.177 Buy Candidate Upgraded
Predicted Opening Price for BLOCKv USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0087 ( 1.29%) | $0.0086 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0101 | 17.16% |
| R2 | 0.0095 | 11.10% |
| R1 | 0.0092 | 7.35% |
| Price | 0.0086 | |
| S1 | 0.0082 | -4.77% |
| S2 | 0.0079 | -8.52% |
| S3 | 0.0073 | -14.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0104 | 20.70% |
| R2 | 0.0095 | 11.15% |
| R1 | 0.0095 | 10.90% |
| Price | 0.0086 | |
| S1 | 0.0083 | -2.77% |
| S2 | 0.0078 | -9.49% |
| S3 | 0.0073 | -14.93% |
FAQ
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