Efforce USD Stock Forecast
High volatility in Efforce USD stock price on Friday which ended trading at $0.0125
(Updated on Jun 28, 2024)
The Efforce USD stock price fell by -8.61% on the last day (Friday, 28th Jun 2024) from $0.0136 to $0.0125. During the last trading day the stock fluctuated 11.62% from a day low at $0.0122 to a day high of $0.0136. The price has fallen in 6 of the last 10 days but is still up by 10.42% over the past 2 weeks. Volume has increased on the last day by 4 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, 39 thousand shares were bought and sold for approximately $490.74 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 45.38% during the next 3 months and, with a 90% probability hold a price between $0.0111 and $0.0434 at the end of this 3-month period.
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WOZXUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Efforce USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0136 and $0.0129. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -54.66%. 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). Efforce 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Efforce USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0113 and $0.0096. 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, Efforce USD finds support just below today's level at $0.0113. If this is broken, then the next support from accumulated volume will be at $0.0096 and $0.0094.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0014 between high and low, or 11.62%. For the last week, the stock has had daily average volatility of 10.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WOZXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Efforce USD to open at $0.0127, and during the day (based on 14 day Average True Range), to move between $0.0100 and $0.0150, which gives a possible trading interval of +/-$0.0025 (+/-20.01%) up or down from last closing price. If Efforce USD takes out the full calculated possible swing range there will be an estimated 40.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0134 (7.79%) than the support at $0.0113 (9.44%), 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 Efforce USD stock A Buy?
The Efforce USD stock holds several negative signals and despite the positive trend, we believe Efforce USD will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.171 Sell Candidate Downgraded
Predicted Opening Price for Efforce USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0127 ( 2.17%) | $0.0125 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WOZXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0142 | 13.51% |
| R2 | 0.0136 | 9.18% |
| R1 | 0.0133 | 6.50% |
| Price | 0.0125 | |
| S1 | 0.0122 | -2.16% |
| S2 | 0.0119 | -4.84% |
| S3 | 0.0113 | -9.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0153 | 22.87% |
| R2 | 0.0149 | 19.39% |
| R1 | 0.0134 | 7.79% |
| Price | 0.0125 | |
| S1 | 0.0113 | -9.44% |
| S2 | 0.0096 | -22.66% |
| S3 | 0.0094 | -24.44% |
FAQ
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