Stellar Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Stellar
(Updated on May 03, 2024)
The Stellar cryptocurrency price gained 2.85% on the last trading day (Friday, 3rd May 2024), rising from $0.108 to $0.111. During the last trading day the cryptocurrency fluctuated 2.81% from a day low at $0.109 to a day high of $0.112. The price has been going up and down for this period, and there has been a -4.22% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 million more shares were traded than the day before. In total, 61 million shares were bought and sold for approximately $6.83 million.
The cryptocurrency is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.103 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Stellar cryptocurrency with a 90% probability to be traded between $0.103 and $0.148 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XLMUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Stellar cryptocurrency 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 $0.112 and $0.119. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Saturday, April 13, 2024, and so far it has risen 7.81%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Stellar cryptocurrency
Stellar finds support from accumulated volume at $0.108 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0031 between high and low, or 2.81%. For the last week, the cryptocurrency has had daily average volatility of 5.00%.
Our recommended stop-loss: $0.105 (-6.04%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (XLMUSD) For The Upcoming Trading Day Of Saturday 4th
For the upcoming trading day on Saturday, 4th we expect Stellar to open at $0.111, and during the day (based on 14 day Average True Range), to move between $0.105 and $0.118, which gives a possible trading interval of +/-$0.0065 (+/-5.80%) up or down from last closing price. If Stellar takes out the full calculated possible swing range there will be an estimated 11.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.108 (2.68%) than the resistance at $0.120 (7.45%), 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: 0.089 Hold/Accumulate Unchanged
Predicted Opening Price for Stellar of Saturday, May 4, 2024
| Fair opening price May 4, 2024 | Current price |
|---|---|
| $0.111 ( 0.683%) | $0.111 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.114 | 2.06 % | |
| R2 | 0.113 | 1.02 % | ||
| R1 | 0.112 | 0.367 % | ||
| Current price: | 0.111 | |||
| Support | S1 | 0.110 | -1.73 % | |
| S2 | 0.109 | -2.38 % | ||
| S3 | 0.108 | -3.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.136 | 21.67 % | |
| R2 | 0.134 | 20.53 % | ||
| R1 | 0.120 | 7.45 % | ||
| Current price | 0.111 | |||
| Support | S1 | 0.108 | -2.68% | |
| S2 | 0.107 | -4.25% | ||
| S3 | 0.103 | -7.24% |
FAQ
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