RFOX Finance USD Cryptocurrency Forecast

Red day on Thursday for RFOX Finance USD
(Updated on May 30, 2024)

VFOXUSD Signals & Forecast

The RFOX Finance USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.102. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0869. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -19.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for RFOX Finance USD cryptocurrency

RFOX Finance USD finds support from accumulated volume at $0.0937 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 11.17%.

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

Trading Expectations (VFOXUSD) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect RFOX Finance USD to open at $0.0945, and during the day (based on 14 day Average True Range), to move between $0.0877 and $0.101, which gives a possible trading interval of +/-$0.0068 (+/-7.22%) up or down from last closing price. If RFOX Finance USD takes out the full calculated possible swing range there will be an estimated 14.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0937 (0.86%) than the resistance at $0.103 (9.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is RFOX Finance USD cryptocurrency A Buy?

RFOX Finance USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -2.356 Sell Candidate Unchanged

Predicted Opening Price for RFOX Finance USD of Friday, May 31, 2024

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