Wombat Web 3 Gaming Platform USD Stock Forecast
Wombat Web 3 Gaming Platform USD stock price up 0.89% on Thursday
(Updated on Jun 20, 2024)
The Wombat Web 3 Gaming Platform USD stock price gained 0.89% on the last trading day (Thursday, 20th Jun 2024), rising from $0.0013 to $0.0014. During the last trading day the stock fluctuated 2.79% from a day low at $0.0013 to a day high of $0.0014. The price has risen in 6 of the last 10 days but is still down by -7.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 138 thousand shares were bought and sold for approximately $187.49 .
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 -46.99% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0011 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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WOMBATUSD Signals & Forecast
There are mixed signals in the stock today. The Wombat Web 3 Gaming Platform 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 $0.0014 and $0.0016. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 3.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Wombat Web 3 Gaming Platform USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wombat Web 3 Gaming Platform USD stock
Wombat Web 3 Gaming Platform USD finds support from accumulated volume at $0.0013 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.000037 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 8.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WOMBATUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Wombat Web 3 Gaming Platform USD to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0001 (+/-9.15%) up or down from last closing price. If Wombat Web 3 Gaming Platform USD takes out the full calculated possible swing range there will be an estimated 18.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0013 (0.44%) than the resistance at $0.0014 (5.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wombat Web 3 Gaming Platform USD stock A Buy?
Wombat Web 3 Gaming Platform 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.
Current score: -4.362 Sell Candidate Unchanged
Predicted Opening Price for Wombat Web 3 Gaming Platform USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0013 ( 0.615%) | $0.0014 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WOMBATUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 2.12% |
| R2 | 0.0014 | 1.07% |
| R1 | 0.0014 | 0.428% |
| Price | 0.0014 | |
| S1 | 0.0013 | -1.66% |
| S2 | 0.0013 | -2.30% |
| S3 | 0.0013 | -3.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0016 | 20.52% |
| R2 | 0.0016 | 19.70% |
| R1 | 0.0014 | 5.54% |
| Price | 0.0014 | |
| S1 | 0.0013 | -0.443% |
| S2 | 0.0013 | -0.89% |
| S3 | 0.0013 | -2.66% |
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