Vegasino USD Stock Forecast

A very red day for Vegasino USD stock price after a -6.67% fall in the Tuesday trading session
(Updated on Jun 18, 2024)

VEGASUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Vegasino 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 $0.000015 and $0.00001594. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -12.50%. 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). 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 very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vegasino USD stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.000001 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 1.43%

Our recommended stop-loss: $0.00001311 (-6.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (VEGASUSD) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Vegasino USD to open at $0.00001433, and during the day (based on 14 day Average True Range), to move between $0.00001349 and $0.00001451, which gives a possible trading interval of +/-$0.00000051 (+/-3.61%) up or down from last closing price. If Vegasino USD takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.000015, some $0.000001 (7.14%) from the current price of $0.000014, our system finds the risk reward not very attractive.

Is Vegasino USD stock A Buy?

Vegasino 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Vegasino USD of Wednesday, June 19, 2024

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