Electra Protocol USD Stock Forecast
Weaker technical forecast for Electra Protocol USD as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Electra Protocol USD stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.664% from a day low at $0.0006 to a day high of $0.0006. The price has risen in 5 of the last 10 days and is up by 11.87% over the past 2 weeks.
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 -43.81% 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
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 13.13%. 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 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 $0.0006. 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 Electra Protocol USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0005. 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, Electra Protocol USD finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0005 and $0.0005.
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 $0.000004 between high and low, or 0.664%. For the last week the stock has had daily average volatility of 4.91%.
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 Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Electra Protocol USD to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0006, which gives a possible trading interval of +/-$0.00004138 (+/-6.86%) up or down from last closing price. If Electra Protocol USD takes out the full calculated possible swing range there will be an estimated 13.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0006 (8.79%) than the resistance at $0.0007 (19.24%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.921 Sell Candidate Downgraded
Predicted Opening Price for Electra Protocol USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0006 ( 0.111%) | $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 | 0.774% |
| R2 | 0.0006 | 0.521% |
| R1 | 0.0006 | 0.364% |
| Price | 0.0006 | |
| S1 | 0.0006 | -0.143% |
| S2 | 0.0006 | -0.299% |
| S3 | 0.0006 | -0.553% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 21.06% |
| R2 | 0.0007 | 19.90% |
| R1 | 0.0007 | 19.24% |
| Price | 0.0006 | |
| S1 | 0.0006 | -8.79% |
| S2 | 0.0005 | -8.96% |
| S3 | 0.0005 | -10.61% |
FAQ
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