FBR Ltd Stock Forecast
FBR Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The FBR Ltd stock price gained 4.17% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0240 to $0.0250. During the last trading day the stock fluctuated 8.33% from a day low at $0.0240 to a day high of $0.0260. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $106.22 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0252 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.07% during the next 3 months and, with a 90% probability hold a price between $0.0189 and $0.0232 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.
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FBR.AX Signals & Forecast
The FBR Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0243 and $0.0245. 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). FBR Ltd 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. Higher liquidity also reduces the general risk. 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 30, 2024, and so far it has fallen -3.85%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FBR Ltd stock
FBR Ltd finds support from accumulated volume at $0.0240 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0020 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 6.81%.
Our recommended stop-loss: $0.0240 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (FBR.AX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect FBR Ltd to open at $0.0250, and during the day (based on 14 day Average True Range), to move between $0.0235 and $0.0265, which gives a possible trading interval of +/-$0.0015 (+/-5.92%) up or down from last closing price. If FBR Ltd takes out the full calculated possible swing range there will be an estimated 11.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0260 (4.00%) than the support at $0.0240 (4.00%), 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 FBR Ltd stock A Buy?
FBR Ltd 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: 0.701 Hold/Accumulate Upgraded
Predicted Opening Price for FBR Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0250 ( 0.00000000%) | $0.0250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBR.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0270 | 8.00% |
| R2 | 0.0262 | 4.94% |
| R1 | 0.0258 | 3.06% |
| Price | 0.0250 | |
| S1 | 0.0242 | -3.06% |
| S2 | 0.0238 | -4.94% |
| S3 | 0.0230 | -8.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0280 | 12.00% |
| R2 | 0.0270 | 8.00% |
| R1 | 0.0260 | 4.00% |
| Price | 0.0250 | |
| S1 | 0.0240 | -4.00% |
| S2 | 0.0230 | -8.00% |
| S3 | 0.0220 | -12.00% |
FBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2002 | Jun 01, 2002 | Aug 20, 2002 | $0.477 | 3.03% |
| 2 | Sep 10, 2001 | Sep 27, 2001 | Oct 22, 2001 | $0.630 | 3.30% |
FAQ
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