Wrapped Everscale USD Stock Forecast

Red day on Friday for Wrapped Everscale USD stock after losing 2.90%
(Updated on Jun 28, 2024)

WEVERUSD Signals & Forecast

The Wrapped Everscale USD stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0572. On a fall, the stock will find some support from the long-term average at approximately $0.0544. 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 Sunday, May 26, 2024, and so far it has fallen -5.15%. Further fall is indicated until a new bottom pivot has been found. Wrapped Everscale USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0015 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.60%.

Our recommended stop-loss: $0.0542 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 57 days ago.)

Trading Expectations (WEVERUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Wrapped Everscale USD to open at $0.0574, and during the day (based on 14 day Average True Range), to move between $0.0550 and $0.0587, which gives a possible trading interval of +/-$0.0019 (+/-3.32%) up or down from last closing price. If Wrapped Everscale USD takes out the full calculated possible swing range there will be an estimated 6.63% 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 (2.04%) than the resistance at $0.0587 (3.22%), 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.

Current score: 2.261 Buy Candidate Unchanged

Predicted Opening Price for Wrapped Everscale USD of Saturday, June 29, 2024

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