The MACD line is above the signal line, which is a bullish sign. The 12 day EMA is above the 26 day EMA, which is a bullish sign. Resistance 1: 0.557, Resistance 2: 0.571, Resistance 3: 0.594, Support 1: 0.511, Support 2: 0.497, Support 3: 0.474.
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Populous has slumped below yesterday’s pivot of 0.534. If bears continue to sell off, we could see prices slump as low as 0.474.
As a sign of strength, the MACD is above the signal line. Gains for buyers are likely to continue.
RSI seems to be going with the trend at 54.5. This value means that buyers are still in control. The strong momentum may also help push the price over the resistance area.
As a banded oscillator, the RSI moves between 0-100. The RSI identifies potential exhaustion points for buyers and sellers when it exceeds the level 70 for buyers and lower than 30 for sellers.
A separate indicator is the Average True Range (ATR) which is used for measuring volatility. As a banded oscillator, the ATR reflects how motivated buyers and sellers are in their positions. Strong price movements should be accompanied by high ATR readings, which gives the movement credit.
Tomorrow’s high and low can be calculated using the current period’s high and low. Tomorrow’s expected high is 0.526 with a low of 0.516.