Zodium USD Stock Forecast
Zodium USD stock price ended at $0.0004 on Friday, after gaining 0.253%.
(Updated on Jun 28, 2024)
The Zodium USD stock price gained 0.253% on the last trading day (Friday, 28th Jun 2024), rising from $0.0004 to $0.0004. During the last trading day the stock fluctuated 1.79% from a day low at $0.0004 to a day high of $0.0004. The price has risen in 5 of the last 10 days and is up by 7.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $6.97 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0004 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.20% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0004 at the end of this 3-month period.
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ZODIUSD Signals & Forecast
The Zodium USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0004 and $0.0003. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Zodium USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -10.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Zodium USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0003 and $0.0003. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zodium USD finds support just below today's level at $0.0003. If this is broken, then the next support from accumulated volume will be at $0.0003 and $0.0003.
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 $0.000007 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 10.97%.
Our recommended stop-loss: $0.0004 (-5.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (ZODIUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Zodium USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00005900 (+/-14.86%) up or down from last closing price. If Zodium USD takes out the full calculated possible swing range there will be an estimated 29.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (1.01%) than the support at $0.0003 (17.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zodium USD stock A Buy?
Zodium 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: 0.672 Hold/Accumulate Unchanged
Predicted Opening Price for Zodium USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0004 ( 0.252%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZODIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0004 | 1.51% |
| R2 | 0.0004 | 0.84% |
| R1 | 0.0004 | 0.422% |
| Price | 0.0004 | |
| S1 | 0.0004 | -0.93% |
| S2 | 0.0004 | -1.34% |
| S3 | 0.0004 | -2.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0004 | 12.09% |
| R2 | 0.0004 | 1.76% |
| R1 | 0.0004 | 1.01% |
| Price | 0.0004 | |
| S1 | 0.0003 | -17.38% |
| S2 | 0.0003 | -20.40% |
| S3 | 0.0003 | -22.17% |
FAQ
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