Fenix Parts Fund Forecast
Red day on Wednesday for Fenix Parts
(Updated on May 23, 2018)
No changes to the price of Fenix Parts fund on the last trading day (Wednesday, 23rd May 2018). During the last trading day the fund fluctuated 0% from a day low at $0.395 to a day high of $0.395. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the upper part of a narrow and weak rising 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 $0.397 will firstly indicate a stronger rate of rising. Given the current short-term trend, the fund is expected to rise 2.51% during the next 3 months and, with a 90% probability hold a price between $0.391 and $0.407 at the end of this 3-month period.
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FENX Signals & Forecast
The Fenix Parts fund 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 $0.395 and $0.393. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 22, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Fenix Parts fund
Fenix Parts finds support from accumulated volume at $0.387 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $0.379 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FENX) For The Upcoming Trading Day Of Thursday 24th
For the upcoming trading day on Thursday, 24th we expect Fenix Parts to open at $0.395, and during the day (based on 14 day Average True Range), to move between $0.394 and $0.396, which gives a possible trading interval of +/-$0.0010 (+/-0.26%) up or down from last closing price. If Fenix Parts takes out the full calculated possible swing range there will be an estimated 0.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.387 (2.05%) than the resistance at $0.430 (8.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fenix Parts fund A Buy?
Fenix Parts 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: -0.460 Hold/Accumulate Unchanged
Predicted Opening Price for Fenix Parts of Thursday, May 24, 2018
| Fair opening price May 24, 2018 | Current price |
|---|---|
| $0.395 ( 0%) | $0.395 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FENX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.395 | . | |
| R2 | 0.395 | . | ||
| R1 | 0.395 | . | ||
| Current price: | 0.395 | |||
| Support | S1 | 0.395 | . | |
| S2 | 0.395 | . | ||
| S3 | 0.395 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.430 | 8.83 % | ||
| Current price | 0.395 | |||
| Support | S1 | 0.387 | -2.05% | |
| S2 | 0.385 | -2.56% | ||
| S3 | 0.380 | -3.82% |
FAQ
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