Wirtual USD Stock Forecast
Wirtual USD stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Wirtual USD stock price gained 1.50% on the last trading day (Friday, 28th Jun 2024), rising from $0.0010 to $0.0010. During the last trading day the stock fluctuated 1.60% from a day low at $0.0010 to a day high of $0.0010. The price has fallen in 5 of the last 10 days and is down by -8.7% for this period. Volume fell on the last day by -54 shares and in total, 5 shares were bought and sold for approximately $0.0051 . 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -56.75% during the next 3 months and, with a 90% probability hold a price between $0.00005336 and $0.0007 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WIRTUALUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 9.58%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wirtual 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 $0.0010 and $0.0011. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wirtual USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0009. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wirtual USD finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0009 and $0.0009.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000016 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WIRTUALUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Wirtual USD to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0011, which gives a possible trading interval of +/-$0.00009953 (+/-9.78%) up or down from last closing price. If Wirtual USD takes out the full calculated possible swing range there will be an estimated 19.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0010 (0.79%) than the support at $0.0010 (5.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wirtual USD stock A Buy?
Wirtual USD holds several negative signals and is within a very wide and falling trend, so we believe 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: -3.980 Sell Candidate Downgraded
Predicted Opening Price for Wirtual USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0010 ( 0.458%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIRTUALUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0010 | 1.11% |
| R2 | 0.0010 | 0.513% |
| R1 | 0.0010 | 0.142% |
| Price | 0.0010 | |
| S1 | 0.0010 | -1.06% |
| S2 | 0.0010 | -1.43% |
| S3 | 0.0010 | -2.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0012 | 13.65% |
| R2 | 0.0011 | 3.44% |
| R1 | 0.0010 | 0.786% |
| Price | 0.0010 | |
| S1 | 0.0010 | -5.30% |
| S2 | 0.0009 | -6.88% |
| S3 | 0.0009 | -8.74% |
FAQ
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