Fat Brands Inc. Stock Forecast
Fat Brands Inc. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Fat Brands Inc. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.45 to a day high of $3.45. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.62% during the next 3 months and, with a 90% probability hold a price between $1.05 and $2.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FATBW 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 Fat Brands 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 $3.45 and $3.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. 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.
A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 with a target of $3.11. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Fat Brands Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.21 and $3.10. 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, Fat Brands Inc. finds support just below today's level at $3.21. If this is broken, then the next support from accumulated volume will be at $3.10 and $2.91.
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 0%
Our recommended stop-loss: $3.32 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FATBW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fat Brands Inc. to open at $3.45, and during the day (based on 14 day Average True Range), to move between $3.27 and $3.63, which gives a possible trading interval of +/-$0.182 (+/-5.29%) up or down from last closing price. If Fat Brands Inc. takes out the full calculated possible swing range there will be an estimated 10.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.46 (0.29%) than the support at $3.21 (7.04%), 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 Fat Brands Inc. stock A Buy?
Fat Brands Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Fat Brands Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.45 ( 0.00000000%) | $3.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FATBW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.45 | 0.00000000% |
| R2 | 3.45 | 0.00000000% |
| R1 | 3.45 | 0.00000000% |
| Price | 3.45 | |
| S1 | 3.45 | 0.00000000% |
| S2 | 3.45 | 0.00000000% |
| S3 | 3.45 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.80 | 10.14% |
| R2 | 3.49 | 1.16% |
| R1 | 3.46 | 0.290% |
| Price | 3.45 | |
| S1 | 3.21 | -7.04% |
| S2 | 3.10 | -10.14% |
| S3 | 2.91 | -15.65% |
FAQ
Click here for our free guide on how to buy Fat Brands Inc. Stock.
