Zenfuse USD Stock Forecast
Red day on Friday for Zenfuse USD
(Updated on Jun 28, 2024)
No changes to the price of Zenfuse USD stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0037 to a day high of $0.0037. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0029, a level that may pose a second chance to hit a runner. According to fan-theory $0.0063 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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ZEFUUSD Signals & Forecast
There are mixed signals in the stock today. The Zenfuse 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 $0.0037 and $0.0041. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has fallen 0%. 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 Zenfuse 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.
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%
Our recommended stop-loss: $0.0035 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (ZEFUUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Zenfuse USD to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0036 and $0.0039, which gives a possible trading interval of +/-$0.0002 (+/-4.07%) up or down from last closing price. If Zenfuse USD takes out the full calculated possible swing range there will be an estimated 8.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0045, some $0.0007 (19.59%) from the current price of $0.0037, our system finds the risk reward not very attractive.
Is Zenfuse USD stock A Buy?
Zenfuse USD 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Zenfuse USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0037 ( 0%) | $0.0037 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZEFUUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0037 | - |
| R2 | 0.0037 | - |
| R1 | 0.0037 | - |
| Price | 0.0037 | |
| S1 | 0.0037 | - |
| S2 | 0.0037 | - |
| S3 | 0.0037 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0045 | 19.59% |
| Price | 0.0037 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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