Yield Yak AVAX USD Stock Forecast
On Thursday, Yield Yak AVAX USD stock price gained an impressive 5.77%
(Updated on Jun 20, 2024)
The Yield Yak AVAX USD stock price gained 5.77% on the last trading day (Thursday, 20th Jun 2024), rising from $29.45 to $31.15. During the last trading day the stock fluctuated 5.77% from a day low at $29.45 to a day high of $31.15. The price has fallen in 5 of the last 10 days and is down by -24.41% for this period. Volume fell on the last day by -1 thousand shares and in total, 932 shares were bought and sold for approximately $29.03 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.76% during the next 3 months and, with a 90% probability hold a price between $17.29 and $25.16 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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YYAVAXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 5.77%. 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 Yield Yak AVAX 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 $32.39 and $40.00. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Yield Yak AVAX USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $29.45. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $1.70 between high and low, or 5.77%. For the last week the stock has had daily average volatility of 1.36%.
Yield Yak AVAX USD is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YYAVAXUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Yield Yak AVAX USD to open at $30.58, and during the day (based on 14 day Average True Range), to move between $30.16 and $32.14, which gives a possible trading interval of +/-$0.99 (+/-3.17%) up or down from last closing price. If Yield Yak AVAX USD takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.45 (5.45%) than the resistance at $38.22 (22.71%), 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 Yak AVAX USD stock A Buy?
Yield Yak AVAX 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.269 Strong Sell Candidate Downgraded
Predicted Opening Price for Yield Yak AVAX USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $30.58 ( 1.82%) | $31.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YYAVAXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.28 | 3.64% |
| R2 | 31.63 | 1.55% |
| R1 | 31.23 | 0.265% |
| Price | 31.15 | |
| S1 | 29.93 | -3.90% |
| S2 | 29.53 | -5.19% |
| S3 | 28.88 | -7.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.61 | 23.97% |
| R2 | 38.53 | 23.70% |
| R1 | 38.22 | 22.71% |
| Price | 31.15 | |
| S1 | 29.45 | -5.45% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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