Electra Protocol USD Stock Forecast
Electra Protocol USD stock price up 2.04% on Tuesday
(Updated on Jun 25, 2024)
The Electra Protocol USD stock price gained 2.04% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0005 to $0.0006. During the last trading day the stock fluctuated 3.37% from a day low at $0.0005 to a day high of $0.0006. The price has fallen in 7 of the last 10 days and is down by -19.94% for this period. Volume fell on the last day by -2 thousand shares and in total, 172 thousand shares were bought and sold for approximately $94.65 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0005 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -45.49% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 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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XEPUSD Signals & Forecast
There are mixed signals in the stock today. The Electra Protocol 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 $0.0006. On a fall, the stock will find some support from the short-term average at $0.0005. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.19%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Electra Protocol USD stock
Electra Protocol USD finds support from accumulated volume at $0.0005 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000018 between high and low, or 3.37%. For the last week the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XEPUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Electra Protocol USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0006, which gives a possible trading interval of +/-$0.00004289 (+/-7.80%) up or down from last closing price. If Electra Protocol USD takes out the full calculated possible swing range there will be an estimated 15.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0005 (0.18%) than the resistance at $0.0006 (11.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Electra Protocol USD stock A Buy?
Electra Protocol 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: -3.277 Sell Candidate Unchanged
Predicted Opening Price for Electra Protocol USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0005 ( 0.85%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 2.42% |
| R2 | 0.0006 | 1.17% |
| R1 | 0.0006 | 0.402% |
| Price | 0.0006 | |
| S1 | 0.0005 | -2.10% |
| S2 | 0.0005 | -2.87% |
| S3 | 0.0005 | -4.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 22.55% |
| R2 | 0.0007 | 21.64% |
| R1 | 0.0006 | 11.82% |
| Price | 0.0006 | |
| S1 | 0.0005 | -0.182% |
| S2 | 0.0005 | -2.00% |
| S3 | 0.0005 | -3.09% |
FAQ
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