FBEC Worldwide, Inc. Stock Forecast
High volatility in FBEC Worldwide, Inc. stock price on Tuesday which ended trading at $0.0010
(Updated on Jun 25, 2024)
The FBEC Worldwide, Inc. stock price gained 150.00% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0004 to $0.0010. During the last trading day the stock fluctuated 150.00% from a day low at $0.0004 to a day high of $0.0010. The price has fallen in 4 of the last 10 days but is still up by 25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately $82.00 .
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 $0.0005, a level that may pose a second chance to hit a runner. According to fan-theory $0.0014 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.
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FBEC Signals & Forecast
The FBEC Worldwide, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0007 and $0.0006. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). FBEC Worldwide, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FBEC Worldwide, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0009 and $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0008 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0006 between high and low, or 150.00%. For the last week, the stock has had daily average volatility of 30.00%.
Our recommended stop-loss: $0.0010 (-3.70%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (FBEC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect FBEC Worldwide, Inc. to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0011, which gives a possible trading interval of +/-$0.0001 (+/-14.17%) up or down from last closing price. If FBEC Worldwide, Inc. takes out the full calculated possible swing range there will be an estimated 28.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0009 (10.00%) than the resistance at $0.0012 (20.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FBEC Worldwide, Inc. stock A Buy?
FBEC Worldwide, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 FBEC Worldwide, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0008 ( 20.00%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBEC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 40.00% |
| R2 | 0.0012 | 17.08% |
| R1 | 0.0010 | 2.92% |
| Price | 0.0010 | |
| S1 | 0.0006 | -42.92% |
| S2 | 0.0004 | -57.08% |
| S3 | 0.0002 | -80.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0012 | 20.00% |
| Price | 0.0010 | |
| S1 | 0.0009 | -10.00% |
| S2 | 0.0008 | -20.00% |
| S3 | 0 | - |
FAQ
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