Faraday Future Intelligent Electric Inc. stock price ended at $0.625 on Tuesday, after losing 0%.

StockInvest.us, 1 month ago

Faraday Future Intelligent Electric Inc.

No changes to the price of Faraday Future Intelligent Electric Inc. stock on the last trading day (Tuesday, 4th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.625 to a day high of $0.625. The price has risen in 5 of the last 10 days but is still down by -65.29% for this period.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 75.97% during the next 3 months and, with a 90% probability hold a price between $0.324 and $3.40 at the end of this 3-month period.

Faraday Future Intelligent Electric Inc.

The Faraday Future Intelligent Electric Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.739. On a fall, the stock will find some support from the long-term average at approximately $0.438. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 03, 2024, 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.

On the downside, the stock finds support just below today's level from accumulated volume at $0.583 and $0.565.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.565 may give a huge drop in the stock price.

In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 52.39%

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Faraday Future Intelligent Electric Inc. stock to perform well in the short-term.

Check full Faraday Future Intelligent Electric Inc. forecast and analysis here.