Iran's Rial Plummets to 1.42M, Inflation Hits 42.2%
- Currency Collapse: Iran's rial fell to 1.42 million per U.S. dollar this week before slightly recovering to 1.38 million, erasing household savings and driving up prices of essential goods, which exacerbates economic pressure on families.
- Surging Inflation: As of December, Iran's inflation rate reached 42.2%, with food prices soaring by 72% and health costs rising by 50%, intensifying public fears of hyperinflation and increasing frustration among citizens.
- Escalating Protests: Economic anger has led to widespread protests in Tehran and other major cities, with shopkeepers closing stores to demand government action on economic issues, despite authorities disputing the timelines of protest footage and deploying tear gas in some areas.
- Leadership Changes: The economic crisis prompted the resignation of central bank governor Mohammad Reza Farzin, reflecting growing criticism over currency management and inflation control, while renewed UN sanctions in 2025 further restricted access to global markets and intensified capital flight pressures.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00282 | 0.00636 | 0.0144 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00636 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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