Witch Token USD Stock Forecast
Big movements in Witch Token USD stock price on Tuesday moving 20.21% between high and low
(Updated on Jun 25, 2024)
The Witch Token USD stock price fell by -19.98% on the last day (Tuesday, 25th Jun 2024) from $0.117 to $0.0939. During the last trading day the stock fluctuated 20.21% from a day low at $0.0937 to a day high of $0.113. The price has fallen in 7 of the last 10 days and is down by -8.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 632 thousand shares were bought and sold for approximately $59.37 thousand.
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 -67.91% during the next 3 months and, with a 90% probability hold a price between $0.0188 and $0.0368 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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WITCHUSD Signals & Forecast
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. The Witch Token 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 $0.0951 and $0.130. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -19.98%. 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 stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Witch Token USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0864 and $0.0769. 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, Witch Token USD finds support just below today's level at $0.0864. If this is broken, then the next support from accumulated volume will be at $0.0769 and $0.0720.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0189 between high and low, or 20.21%. For the last week the stock has had daily average volatility of 34.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WITCHUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Witch Token USD to open at $0.100, and during the day (based on 14 day Average True Range), to move between $0.0726 and $0.115, which gives a possible trading interval of +/-$0.0213 (+/-22.71%) up or down from last closing price. If Witch Token USD takes out the full calculated possible swing range there will be an estimated 45.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0864 (7.99%) than the resistance at $0.109 (16.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Witch Token USD stock A Buy?
Witch Token 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: -4.981 Sell Candidate Downgraded
Predicted Opening Price for Witch Token USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.100 ( 6.57%) | $0.0939 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WITCHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.119 | 26.74% |
| R2 | 0.112 | 19.03% |
| R1 | 0.107 | 14.27% |
| Price | 0.0939 | |
| S1 | 0.0929 | -1.13% |
| S2 | 0.0884 | -5.89% |
| S3 | 0.0812 | -13.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.114 | 21.22% |
| R2 | 0.112 | 19.48% |
| R1 | 0.109 | 16.36% |
| Price | 0.0939 | |
| S1 | 0.0864 | -7.99% |
| S2 | 0.0769 | -18.14% |
| S3 | 0.0720 | -23.39% |
FAQ
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