Wrapped Everscale USD Stock Forecast

Weaker technical forecast for Wrapped Everscale USD as stock downgraded to Buy Candidate.
(Updated on Jun 24, 2024)

WEVERUSD Signals & Forecast

The Wrapped Everscale USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0546 and $0.0539. A breakdown below any of these levels will issue sell signals. 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 Sunday, June 23, 2024, and so far it has fallen 0%. 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 Wrapped Everscale USD stock

Wrapped Everscale USD finds support from accumulated volume at $0.0557 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 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.55%

Our recommended stop-loss: $0.0540 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (WEVERUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Wrapped Everscale USD to open at $0.0561, and during the day (based on 14 day Average True Range), to move between $0.0544 and $0.0579, which gives a possible trading interval of +/-$0.0018 (+/-3.12%) up or down from last closing price. If Wrapped Everscale USD takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0557 (0.78%) than the resistance at $0.0591 (5.28%), 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 Everscale USD stock 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 Everscale USD stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.856 Buy Candidate Downgraded

Predicted Opening Price for Wrapped Everscale USD of Tuesday, June 25, 2024

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