RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FOSL
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Stronger technical forecast for Fossil Group stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Fossil Group stock price gained 4.71% on the last trading day (Thursday, 28th Mar 2024), rising from $0.97 to $1.02. During the last trading day the stock fluctuated 9.83% from a day low at $0.96 to a day high of $1.05. The price has risen in 6 of the last 10 days and is up by 25.93% over the past 2 weeks. Volume fell on the last day by -77 thousand shares and in total, 430 thousand shares were bought and sold for approximately $438.55 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -36.28% during the next 3 months and, with a 90% probability hold a price between $0.456 and $0.650 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FOSL Signals & Forecast

The Fossil Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.95 and $0.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 25.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.

Support, Risk & Stop-loss for Fossil Group stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.87 and $0.87. 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, Fossil Group finds support just below today's level at $0.87. If this is broken, then the next support from accumulated volume will be at $0.87 and $0.81.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0940 between high and low, or 9.83%. For the last week the stock has had daily average volatility of 9.59%.

Our recommended stop-loss: $0.99 (-3.34%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (FOSL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Fossil Group to open at $1.01, and during the day (based on 14 day Average True Range), to move between $0.93 and $1.11, which gives a possible trading interval of +/-$0.0909 (+/-8.91%) up or down from last closing price. If Fossil Group takes out the full calculated possible swing range there will be an estimated 17.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.05 (2.94%) than the support at $0.87 (14.71%), 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 Fossil Group stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.314 Buy Candidate Upgraded

Predicted Opening Price for Fossil Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.01 ( 1.11%) $1.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FOSL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.10 8.10 %
R2 1.07 4.58 %
R1 1.04 2.41 %
Current price: 1.02
Support S1 0.97 -4.63 %
S2 0.95 -6.81 %
S3 0.91 -10.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.08 5.88 %
R2 1.07 4.90 %
R1 1.05 2.94 %
Current price 1.02
Support S1 0.87 -14.71%
S2 0.87 -15.06%
S3 0.81 -20.59%

FAQ

What is the symbol for Fossil Group Stock and on which exchange is it traded?
The symbol for Fossil Group is FOSL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Fossil Group Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Fossil Group Stock?
Fossil Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fossil Group Stock.

What's the current price of Fossil Group Stock?
As of the end of day on the 2024-03-28, the price of an Fossil Group (FOSL) share was $1.02.

What is the 52-week high and low for Fossil Group Stock?
The 52-week high for Fossil Group Stock is $3.65 and the 52-week low is $0.780.

What is the market capitalization of Fossil Group Stock?
As of the 2024-03-28, the market capitalization of Fossil Group is 51.132M.

When is the next earnings date for Fossil Group?
The upcoming earnings date for Fossil Group is May 08, 2024.
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About Fossil Group

Fossil Group Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses. It also manufactures and distributes private label brands, as well as purchases and resells branded products in non-FOSSIL branded retail s... FOSL Profile

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