Yield Guild Games USD Stock Forecast
Red day on Friday for Yield Guild Games USD stock after losing 4.36%
(Updated on Jun 28, 2024)
The Yield Guild Games USD stock price fell by -4.36% on the last day (Friday, 28th Jun 2024) from $0.596 to $0.570. During the last trading day the stock fluctuated 3.86% from a day low at $0.570 to a day high of $0.592. The price has fallen in 6 of the last 10 days and is down by -5.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 40 million shares were bought and sold for approximately $22.54 million.
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 $0.540 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.90% during the next 3 months and, with a 90% probability hold a price between $0.357 and $0.680 at the end of this 3-month period.
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YGGUSD Signals & Forecast
There are mixed signals in the stock today. The Yield Guild Games 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 $0.593 and $0.82. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.24%. 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).
Support, Risk & Stop-loss for Yield Guild Games USD stock
Yield Guild Games USD finds support from accumulated volume at $0.563 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0220 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 6.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YGGUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Yield Guild Games USD to open at $0.577, and during the day (based on 14 day Average True Range), to move between $0.509 and $0.631, which gives a possible trading interval of +/-$0.0613 (+/-10.75%) up or down from last closing price. If Yield Guild Games USD takes out the full calculated possible swing range there will be an estimated 21.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.563 (1.23%) than the resistance at $0.597 (4.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yield Guild Games USD stock A Buy?
Yield Guild Games USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.642 Sell Candidate Unchanged
Predicted Opening Price for Yield Guild Games USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.577 ( 1.29%) | $0.570 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YGGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.599 | 5.15% |
| R2 | 0.591 | 3.67% |
| R1 | 0.586 | 2.76% |
| Price | 0.570 | |
| S1 | 0.569 | -0.188% |
| S2 | 0.564 | -1.10% |
| S3 | 0.555 | -2.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.647 | 13.51% |
| R2 | 0.604 | 5.96% |
| R1 | 0.597 | 4.74% |
| Price | 0.570 | |
| S1 | 0.563 | -1.23% |
| S2 | 0 | - |
| S3 | 0 | - |
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