Fuse Science Inc Stock Forecast

High volatility in Fuse Science Inc stock price on Friday which ended trading at $0.0118
(Updated on May 17, 2024)

DROP Signals & Forecast

There are few to no technical positive signals at the moment. The Fuse Science Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0132 and $0.0139. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -30.14%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fuse Science Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0102 and $0.0100. 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, Fuse Science Inc finds support just below today's level at $0.0102. If this is broken, then the next support from accumulated volume will be at $0.0100 and $0.0095.

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 $0.0037 between high and low, or 31.36%. For the last week the stock has had daily average volatility of 22.41%.

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

Trading Expectations (DROP) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Fuse Science Inc to open at $0.0130, and during the day (based on 14 day Average True Range), to move between $0.0102 and $0.0134, which gives a possible trading interval of +/-$0.0016 (+/-13.59%) up or down from last closing price. If Fuse Science Inc takes out the full calculated possible swing range there will be an estimated 27.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0128 (8.47%) than the support at $0.0102 (13.98%), 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 Fuse Science Inc stock A Buy?

The Fuse Science Inc stock holds several negative signals and despite the positive trend, we believe Fuse Science Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.719 Sell Candidate Downgraded

Predicted Opening Price for Fuse Science Inc of Monday, May 20, 2024

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