XMax USD Stock Forecast
XMax USD stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
No changes to the price of XMax USD stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.000011 to a day high of $0.000011. The price has been going up and down for this period, and there has been a -15.38% loss for the last 2 weeks.
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 $0.00001080 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.27% during the next 3 months and, with a 90% probability hold a price between $0.00000699 and $0.00001063 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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XMXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. 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 XMax 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 $0.00001171 and $0.00001358. A break-up above any of these levels will issue buy signals. 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 XMax USD stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XMXUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect XMax USD to open at $0.000011, and during the day (based on 14 day Average True Range), to move between $0.00001013 and $0.00001187, which gives a possible trading interval of +/-$0.00000087 (+/-7.92%) up or down from last closing price. If XMax USD takes out the full calculated possible swing range there will be an estimated 15.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.000012, some $0.000001 (9.09%) from the current price of $0.000011, our system finds the risk reward not very attractive.
Is XMax USD stock A Buy?
XMax USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.809 Sell Candidate Upgraded
Predicted Opening Price for XMax USD of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.000011 ( 0.00000000%) | $0.000011 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XMXUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.000011 | 0.00000000% |
R2 | 0.000011 | 0.00000000% |
R1 | 0.000011 | 0.00000000% |
Price | 0.000011 | |
S1 | 0.000011 | 0.00000000% |
S2 | 0.000011 | 0.00000000% |
S3 | 0.000011 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.000013 | 18.18% |
R1 | 0.000012 | 9.09% |
Price | 0.000011 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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