Big movements in FOXO Technologies Inc. stock price on Wednesday moving 321.30% between high and low

The FOXO Technologies Inc. stock price gained 481.31% on the last trading day (Wednesday, 6th Nov 2024), rising from $0.136 to $0.790. During the last trading day the stock fluctuated 321.30% from a day low at $0.252 to a day high of $1.06. The price has been going up and down for this period, and there has been a 433.78% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 919 million more shares were traded than the day before. In total, 919 million shares were bought and sold for approximately $725.83 million.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.224, a level that may pose a second chance to hit a runner.

The FOXO Technologies Inc. stock 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 $0.232 and $0.186. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, October 31, 2024, and so far it has risen 501.68%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.81 between high and low, or 321.30%. For the last week, the stock has had daily average volatility of 69.40%.

The FOXO Technologies Inc. stock is extremely overbought on RSI14 (92). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

FOXO Technologies Inc. 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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.