Ambire Wallet USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Ambire Wallet USD
(Updated on Jun 28, 2024)
The Ambire Wallet USD stock price gained 1.66% on the last trading day (Friday, 28th Jun 2024), rising from $0.0238 to $0.0242. During the last trading day the stock fluctuated 2.58% from a day low at $0.0239 to a day high of $0.0246. The price has fallen in 7 of the last 10 days and is down by -9.73% for this period. Volume fell on the last day by -44 thousand shares and in total, 1 million shares were bought and sold for approximately $32.72 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.66% during the next 3 months and, with a 90% probability hold a price between $0.0249 and $0.0405 at the end of this 3-month period.
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WALLETUSD Signals & Forecast
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. The Ambire Wallet 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 $0.0252 and $0.0279. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -23.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ambire Wallet USD stock
Ambire Wallet USD finds support from accumulated volume at $0.0238 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0006 between high and low, or 2.58%. For the last week the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WALLETUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Ambire Wallet USD to open at $0.0242, and during the day (based on 14 day Average True Range), to move between $0.0232 and $0.0251, which gives a possible trading interval of +/-$0.0010 (+/-4.10%) up or down from last closing price. If Ambire Wallet USD takes out the full calculated possible swing range there will be an estimated 8.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0238 (1.63%) than the resistance at $0.0266 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ambire Wallet USD stock A Buy?
The Ambire Wallet USD stock holds several negative signals and despite the positive trend, we believe Ambire Wallet USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.139 Sell Candidate Unchanged
Predicted Opening Price for Ambire Wallet USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0242 ( 0.255%) | $0.0242 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WALLETUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0248 | 2.81% |
| R2 | 0.0246 | 1.83% |
| R1 | 0.0245 | 1.23% |
| Price | 0.0242 | |
| S1 | 0.0240 | -0.720% |
| S2 | 0.0238 | -1.32% |
| S3 | 0.0236 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0297 | 22.99% |
| R2 | 0.0286 | 18.58% |
| R1 | 0.0266 | 10.00% |
| Price | 0.0242 | |
| S1 | 0.0238 | -1.63% |
| S2 | 0.0194 | -19.79% |
| S3 | 0.0187 | -22.44% |
FAQ
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