Deveron Corp. Stock Forecast
Red day on Friday for Deveron Corp.
(Updated on Jun 28, 2024)
No changes to the price of Deveron Corp. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0700 to a day high of $0.0700. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0627, a level that may pose a second chance to hit a runner. According to fan-theory $0.0881 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FARM.V Signals & Forecast
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. The Deveron Corp. 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 $0.0714 and $0.0831. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -17.65%. Further fall is indicated until a new bottom pivot has been found. 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 Deveron Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0650. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FARM.V) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Deveron Corp. to open at $0.0700, and during the day (based on 14 day Average True Range), to move between $0.0655 and $0.0745, which gives a possible trading interval of +/-$0.0045 (+/-6.46%) up or down from last closing price. If Deveron Corp. takes out the full calculated possible swing range there will be an estimated 12.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0750 (7.14%) than the support at $0.0650 (7.14%), 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 Deveron Corp. stock A Buy?
Deveron Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.976 Strong Sell Candidate Unchanged
Predicted Opening Price for Deveron Corp. of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$0.0700 ( 0%) | $0.0700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FARM.V
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0700 | - |
R2 | 0.0700 | - |
R1 | 0.0700 | - |
Price | 0.0700 | |
S1 | 0.0700 | - |
S2 | 0.0700 | - |
S3 | 0.0700 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0850 | 21.43% |
R2 | 0.0800 | 14.29% |
R1 | 0.0750 | 7.14% |
Price | 0.0700 | |
S1 | 0.0650 | -7.14% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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