WhiteBIT Coin USD Stock Forecast
WhiteBIT Coin USD stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The WhiteBIT Coin USD stock price gained 0.240% on the last trading day (Friday, 28th Jun 2024), rising from $9.41 to $9.44. During the last trading day the stock fluctuated 1.06% from a day low at $9.42 to a day high of $9.52. The price has risen in 7 of the last 10 days but is still down by -0.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $61.70 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.15 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.34% during the next 3 months and, with a 90% probability hold a price between $9.92 and $11.70 at the end of this 3-month period.
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WBTUSD Signals & Forecast
There are mixed signals in the stock today. The WhiteBIT Coin USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.69. On a fall, the stock will find some support from the short-term average at $9.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Sunday, April 28, 2024, and so far it has fallen -7.90%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for WhiteBIT Coin USD stock
WhiteBIT Coin USD finds support from accumulated volume at $9.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0999 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WBTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect WhiteBIT Coin USD to open at $9.46, and during the day (based on 14 day Average True Range), to move between $9.33 and $9.54, which gives a possible trading interval of +/-$0.106 (+/-1.13%) up or down from last closing price. If WhiteBIT Coin USD takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.29 (1.57%) than the resistance at $9.93 (5.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WhiteBIT Coin USD stock A Buy?
WhiteBIT Coin 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.122 Sell Candidate Downgraded
Predicted Opening Price for WhiteBIT Coin USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $9.46 ( 0.229%) | $9.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WBTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.56 | 1.29% |
| R2 | 9.52 | 0.88% |
| R1 | 9.50 | 0.633% |
| Price | 9.44 | |
| S1 | 9.42 | -0.176% |
| S2 | 9.40 | -0.425% |
| S3 | 9.36 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.25 | 8.58% |
| R2 | 10.02 | 6.24% |
| R1 | 9.93 | 5.23% |
| Price | 9.44 | |
| S1 | 9.29 | -1.57% |
| S2 | 9.07 | -3.83% |
| S3 | 8.90 | -5.66% |
FAQ
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