Xion Finance USD Stock Forecast
Green day on Friday for Xion Finance USD stock after gaining 2.42%
(Updated on Jun 28, 2024)
The Xion Finance USD stock price gained 2.42% on the last trading day (Friday, 28th Jun 2024), rising from $0.0012 to $0.0012. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.29% from a day low at $0.0012 to a day high of $0.0012. The price has risen in 5 of the last 10 days but is still down by -18.97% for this period. Volume fell on the last day by -11 shares and in total, 0 shares were bought and sold for approximately $0 . 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 part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0012 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.08% during the next 3 months and, with a 90% probability hold a price between $0.0012 and $0.0047 at the end of this 3-month period.
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XGTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 7.07%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xion Finance 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 $0.0015 and $0.0025. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Xion Finance USD stock
Xion Finance USD finds support from accumulated volume at $0.0012 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.000039 between high and low, or 3.29%. For the last week the stock has had daily average volatility of 25.80%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XGTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Xion Finance USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0015, which gives a possible trading interval of +/-$0.0003 (+/-25.20%) up or down from last closing price. If Xion Finance USD takes out the full calculated possible swing range there will be an estimated 50.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0012 (2.37%) than the resistance at $0.0014 (13.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xion Finance USD stock A Buy?
The Xion Finance USD stock holds several negative signals and despite the positive trend, we believe Xion Finance USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.773 Sell Candidate Unchanged
Predicted Opening Price for Xion Finance USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0012 ( 1.06%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XGTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0013 | 2.12% |
| R2 | 0.0012 | 0.91% |
| R1 | 0.0012 | 0.155% |
| Price | 0.0012 | |
| S1 | 0.0012 | -2.28% |
| S2 | 0.0012 | -3.03% |
| S3 | 0.0012 | -4.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0015 | 24.71% |
| R2 | 0.0014 | 16.48% |
| R1 | 0.0014 | 13.62% |
| Price | 0.0012 | |
| S1 | 0.0012 | -2.37% |
| S2 | 0.0012 | -3.43% |
| S3 | 0.0011 | -6.61% |
FAQ
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