Burger Fuel Group Limited Stock Forecast

Red day on Monday for Burger Fuel Group Limited stock after losing 0%
(Updated on May 13, 2024)

BFG.NZ Signals & Forecast

There are few to no technical positive signals at the moment. The Burger Fuel Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.346 and $0.344. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -13.16%. 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 Burger Fuel Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.305 and $0.300. 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, Burger Fuel Group Limited finds support just below today's level at $0.305. If this is broken, then the next support from accumulated volume will be at $0.300 and $0.275.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 0.580%.

Burger Fuel Group Limited is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BFG.NZ) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Burger Fuel Group Limited to open at $0.330, and during the day (based on 14 day Average True Range), to move between $0.323 and $0.337, which gives a possible trading interval of +/-$0.0067 (+/-2.03%) up or down from last closing price. If Burger Fuel Group Limited takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.350 (6.06%) than the support at $0.305 (7.58%), 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 Burger Fuel Group Limited stock A Buy?

The Burger Fuel Group Limited stock holds several negative signals and despite the positive trend, we believe Burger Fuel Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.473 Sell Candidate Unchanged

Predicted Opening Price for Burger Fuel Group Limited of Tuesday, May 14, 2024

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