FBR Ltd Stock Forecast
FBR Ltd stock upgraded to Sell Candidate.
(Updated on May 10, 2024)
The FBR Ltd stock price fell by -4.17% on the last day (Friday, 10th May 2024) from $0.0240 to $0.0230. During the last trading day the stock fluctuated 4.35% from a day low at $0.0230 to a day high of $0.0240. The price has fallen in 5 of the last 10 days and is down by -11.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -460 thousand shares and in total, 1 million shares were bought and sold for approximately $25.58 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0222 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.93% during the next 3 months and, with a 90% probability hold a price between $0.0262 and $0.0346 at the end of this 3-month period.
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FBR.AX Signals & Forecast
There are few to no technical positive signals at the moment. The FBR Ltd 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 $0.0240 and $0.0251. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -17.86%. 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 FBR Ltd stock
FBR Ltd finds support from accumulated volume at $0.0220 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0010 between high and low, or 4.35%. For the last week the stock has had daily average volatility of 7.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FBR.AX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect FBR Ltd to open at $0.0233, and during the day (based on 14 day Average True Range), to move between $0.0215 and $0.0245, which gives a possible trading interval of +/-$0.0015 (+/-6.74%) up or down from last closing price. If FBR Ltd takes out the full calculated possible swing range there will be an estimated 13.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0240 (4.35%) than the support at $0.0220 (4.35%), 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?
The FBR Ltd stock holds several negative signals and despite the positive trend, we believe FBR Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.488 Sell Candidate Upgraded
Predicted Opening Price for FBR Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0233 ( 1.45%) | $0.0230 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0243 | 5.80 % | |
| R2 | 0.0240 | 4.14 % | ||
| R1 | 0.0237 | 3.11 % | ||
| Current price: | 0.0230 | |||
| Support | S1 | 0.0230 | -0.212 % | |
| S2 | 0.0227 | -1.24 % | ||
| S3 | 0.0223 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0270 | 17.39 % | |
| R2 | 0.0250 | 8.70 % | ||
| R1 | 0.0240 | 4.35 % | ||
| Current price | 0.0230 | |||
| Support | S1 | 0.0220 | -4.35% | |
| S2 | 0.0210 | -8.70% | ||
| S3 | 0.0200 | -13.04% |
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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