World Mobile Token USD Stock Forecast
High volatility in World Mobile Token USD stock price on Friday which ended trading at $0.237
(Updated on Jun 28, 2024)
The World Mobile Token USD stock price fell by -5.01% on the last day (Friday, 28th Jun 2024) from $0.249 to $0.237. During the last trading day the stock fluctuated 12.86% from a day low at $0.224 to a day high of $0.252. The price has fallen in 6 of the last 10 days and is down by -5.19% for this period. Volume has increased on the last day by 707 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $513.95 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 -10.14% during the next 3 months and, with a 90% probability hold a price between $0.158 and $0.349 at the end of this 3-month period.
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WMTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The World Mobile 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 $0.255 and $0.284. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -44.54%. 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). World Mobile Token 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".
Support, Risk & Stop-loss for World Mobile Token USD stock
World Mobile Token USD finds support from accumulated volume at $0.231 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 $0.0288 between high and low, or 12.86%. For the last week, the stock has had daily average volatility of 6.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WMTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect World Mobile Token USD to open at $0.238, and during the day (based on 14 day Average True Range), to move between $0.221 and $0.252, which gives a possible trading interval of +/-$0.0154 (+/-6.51%) up or down from last closing price. If World Mobile Token USD takes out the full calculated possible swing range there will be an estimated 13.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.231 (2.52%) than the resistance at $0.268 (13.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is World Mobile Token USD stock A Buy?
World Mobile 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.
Current score: -4.705 Sell Candidate Unchanged
Predicted Opening Price for World Mobile Token USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.238 ( 0.341%) | $0.237 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WMTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.266 | 12.49% |
| R2 | 0.255 | 7.85% |
| R1 | 0.249 | 4.98% |
| Price | 0.237 | |
| S1 | 0.227 | -4.30% |
| S2 | 0.220 | -7.17% |
| S3 | 0.209 | -11.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.281 | 18.55% |
| R2 | 0.271 | 14.36% |
| R1 | 0.268 | 13.24% |
| Price | 0.237 | |
| S1 | 0.231 | -2.52% |
| S2 | 0.223 | -5.89% |
| S3 | 0.222 | -6.20% |
FAQ
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