ZumCoin USD Stock Forecast
Green day on Tuesday for ZumCoin USD
(Updated on Jun 25, 2024)
The ZumCoin USD stock price gained 1.61% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.000062 to $0.000063. During the last trading day the stock fluctuated 1.61% from a day low at $0.000062 to a day high of $0.000063. The price has been going up and down for this period, and there has been a -3.08% loss for the last 2 weeks.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.00006156 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ZumCoin USD stock with a 90% probability to be traded between $0.00006239 and $0.00007115 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ZUMUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.61%. 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 ZumCoin 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 $0.00006471 and $0.00006663. 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 ZumCoin USD stock
ZumCoin USD finds support from accumulated volume at $0.00006276 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.000001 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZUMUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ZumCoin USD to open at $0.00006267, and during the day (based on 14 day Average True Range), to move between $0.00006134 and $0.00006466, which gives a possible trading interval of +/-$0.00000166 (+/-2.63%) up or down from last closing price. If ZumCoin USD takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00006276 (0.39%) than the resistance at $0.000065 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZumCoin USD stock A Buy?
ZumCoin 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.
Current score: -3.118 Sell Candidate Unchanged
Predicted Opening Price for ZumCoin USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.00006267 ( 0.529%) | $0.000063 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZUMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00006367 | 1.06% |
| R2 | 0.00006328 | 0.452% |
| R1 | 0.00006305 | 0.0772% |
| Price | 0.000063 | |
| S1 | 0.00006228 | -1.14% |
| S2 | 0.00006205 | -1.51% |
| S3 | 0.00006167 | -2.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000067 | 6.35% |
| R2 | 0.000066 | 4.76% |
| R1 | 0.000065 | 3.17% |
| Price | 0.000063 | |
| S1 | 0.00006276 | -0.386% |
| S2 | 0.000062 | -1.59% |
| S3 | 0.000061 | -3.17% |
FAQ
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