Lido wstETH USD Stock Forecast
Lido wstETH USD stock price ended at $3,954.30 on Friday, after losing 1.99%.
(Updated on Jun 28, 2024)
The Lido wstETH USD stock price fell by -1.99% on the last day (Friday, 28th Jun 2024) from $4,034.70 to $3,954.30. During the last trading day the stock fluctuated 2.35% from a day low at $3,953.72 to a day high of $4,046.81. The price has fallen in 7 of the last 10 days and is down by -0.74% 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 -61 million shares and in total, 56 million shares were bought and sold for approximately $221.75 billion.
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 12.10% during the next 3 months and, with a 90% probability hold a price between $4,067.04 and $5,312.82 at the end of this 3-month period.
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WSTETHUSD Signals & Forecast
There are mixed signals in the stock today. The Lido wstETH 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 $3,992.36 and $4,228.54. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.33%. 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).
Support, Risk & Stop-loss for Lido wstETH USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $3,698.13 and $3,674.04. 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, Lido wstETH USD finds support just below today's level at $3,698.13. If this is broken, then the next support from accumulated volume will be at $3,674.04 and $3,566.95.
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 $93.09 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSTETHUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Lido wstETH USD to open at $3,984.94, and during the day (based on 14 day Average True Range), to move between $3,846.78 and $4,061.83, which gives a possible trading interval of +/-$107.53 (+/-2.72%) up or down from last closing price. If Lido wstETH USD takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4,034.70 (2.03%) than the support at $3,698.13 (6.48%), 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 Lido wstETH USD stock A Buy?
Lido wstETH 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: -1.679 Sell Candidate Unchanged
Predicted Opening Price for Lido wstETH USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $3,984.94 ( 0.775%) | $3,954.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSTETHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,078.04 | 3.13% |
| R2 | 4,042.48 | 2.23% |
| R1 | 4,020.51 | 1.67% |
| Price | 3,954.30 | |
| S1 | 3,949.38 | -0.124% |
| S2 | 3,927.41 | -0.680% |
| S3 | 3,891.85 | -1.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,334.77 | 9.62% |
| R2 | 4,076.52 | 3.09% |
| R1 | 4,034.70 | 2.03% |
| Price | 3,954.30 | |
| S1 | 3,698.13 | -6.48% |
| S2 | 3,674.04 | -7.09% |
| S3 | 3,566.95 | -9.80% |
FAQ
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