Wrapped Near USD Stock Forecast
Wrapped Near USD stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on Jun 24, 2024)
No changes to the price of Wrapped Near USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $5.22 to a day high of $5.22. The price has risen in 6 of the last 10 days but is still down by -4.99% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.42% during the next 3 months and, with a 90% probability hold a price between $4.31 and $7.51 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WNEARUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, June 22, 2024, and so far it has risen 1.23%. 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 Wrapped Near USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.63. On a fall, the stock will find some support from the short-term average at $5.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Near USD stock
Wrapped Near USD finds support from accumulated volume at $5.15 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 5.23%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WNEARUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Wrapped Near USD to open at $5.22, and during the day (based on 14 day Average True Range), to move between $4.86 and $5.58, which gives a possible trading interval of +/-$0.359 (+/-6.88%) up or down from last closing price. If Wrapped Near USD takes out the full calculated possible swing range there will be an estimated 13.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.15 (1.22%) than the resistance at $5.31 (1.70%), 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 Near USD stock A Buy?
Wrapped Near USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.591 Sell Candidate Upgraded
Predicted Opening Price for Wrapped Near USD of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$5.22 ( 0%) | $5.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WNEARUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.22 | - |
R2 | 5.22 | - |
R1 | 5.22 | - |
Price | 5.22 | |
S1 | 5.22 | - |
S2 | 5.22 | - |
S3 | 5.22 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.45 | 4.35% |
R2 | 5.37 | 2.90% |
R1 | 5.31 | 1.70% |
Price | 5.22 | |
S1 | 5.15 | -1.22% |
S2 | 4.98 | -4.60% |
S3 | 4.64 | -11.01% |
FAQ
Click here for our free guide on how to buy Wrapped Near USD Stock.