Wrapped Ampleforth USD Cryptocurrency Forecast

Wrapped Ampleforth USD cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Saturday trading session.
(Updated on May 18, 2024)

WAMPLUSD Signals & Forecast

The Wrapped Ampleforth 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 $28.46. On a fall, the cryptocurrency will find some support from the long-term average at approximately $24.82. 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 Saturday, March 23, 2024, and so far it has fallen -34.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Wrapped Ampleforth USD cryptocurrency

Wrapped Ampleforth USD finds support from accumulated volume at $27.36 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 $0.790 between high and low, or 2.88%. For the last week the cryptocurrency has had daily average volatility of 5.47%.

Our recommended stop-loss: $25.94 (-5.78%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 56 days ago.)

Trading Expectations (WAMPLUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Wrapped Ampleforth USD to open at $27.75, and during the day (based on 14 day Average True Range), to move between $24.99 and $30.07, which gives a possible trading interval of +/-$2.54 (+/-9.22%) up or down from last closing price. If Wrapped Ampleforth USD takes out the full calculated possible swing range there will be an estimated 18.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.36 (0.62%) than the resistance at $29.37 (6.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Wrapped Ampleforth USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wrapped Ampleforth USD cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.386 Buy Candidate Upgraded

Predicted Opening Price for Wrapped Ampleforth USD of Sunday, May 19, 2024

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