GIBX Swap USD Stock Forecast
Weaker technical forecast for GIBX Swap USD as stock downgraded to Sell Candidate.
(Updated on Jun 24, 2024)
No changes to the price of GIBX Swap USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0006 to a day high of $0.0006. The price has risen in 4 of the last 10 days but is still down by -2.1% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0005 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.02% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0006 at the end of this 3-month period.
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XUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.539%. 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 GIBX Swap 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 $0.0006 and $0.0006. 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. The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 13.62% to $0.0006 within 66 trading days since signal was issued (Monday, August 26, 2024).
Support, Risk & Stop-loss for GIBX Swap USD stock
GIBX Swap USD finds support from accumulated volume at $0.0006 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.250%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect GIBX Swap 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 +/-$0.00000711 (+/-1.27%) up or down from last closing price. If GIBX Swap USD takes out the full calculated possible swing range there will be an estimated 2.54% 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 (0.18%) than the resistance at $0.0006 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GIBX Swap USD stock A Buy?
GIBX Swap USD holds several negative signals and is within a 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. 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: -2.535 Sell Candidate Downgraded
Predicted Opening Price for GIBX Swap USD of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.0006 ( 0%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | - |
| R2 | 0.0006 | - |
| R1 | 0.0006 | - |
| Price | 0.0006 | |
| S1 | 0.0006 | - |
| S2 | 0.0006 | - |
| S3 | 0.0006 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 3.21% |
| R2 | 0.0006 | 2.86% |
| R1 | 0.0006 | 1.79% |
| Price | 0.0006 | |
| S1 | 0.0006 | -0.179% |
| S2 | 0.0006 | -0.536% |
| S3 | 0 | - |
FAQ
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