Stellar Cryptocurrency Forecast

Stellar cryptocurrency price ended at $0.116 on Wednesday, after losing 0.0885%.
(Updated on Apr 24, 2024)

XLMUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Saturday, April 13, 2024, and so far it has risen 12.46%. 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 Stellar cryptocurrency 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 cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.125. On a fall, the cryptocurrency will find some support from the short-term average at $0.113. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Stellar cryptocurrency

Stellar finds support from accumulated volume at $0.112 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0034 between high and low, or 2.95%. For the last week the cryptocurrency has had daily average volatility of 4.58%.

Our recommended stop-loss: $0.111 (-4.40%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (XLMUSD) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Stellar to open at $0.117, and during the day (based on 14 day Average True Range), to move between $0.109 and $0.124, which gives a possible trading interval of +/-$0.0077 (+/-6.59%) up or down from last closing price. If Stellar takes out the full calculated possible swing range there will be an estimated 13.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.112 (3.51%) than the resistance at $0.136 (16.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stellar cryptocurrency A Buy?

Stellar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.162 Hold/Accumulate Unchanged

Predicted Opening Price for Stellar of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.