FINEOS CORPORATION HOLDINGS ORD Stock Forecast
FINEOS CORPORATION HOLDINGS ORD stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
No changes to the price of FINEOS CORPORATION HOLDINGS ORD stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 5.43% from a day low at $1.75 to a day high of $1.85. The price has fallen in 5 of the last 10 days but is still up by 1.45% over the past 2 weeks.
The stock lies the upper part of a very 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 $1.77 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 -16.75% during the next 3 months and, with a 90% probability hold a price between $1.11 and $1.47 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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FCL.AX Signals & Forecast
The FINEOS CORPORATION HOLDINGS ORD 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 $1.72 and $1.71. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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, March 14, 2024, and so far it has fallen -7.89%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FINEOS CORPORATION HOLDINGS ORD stock
FINEOS CORPORATION HOLDINGS ORD finds support from accumulated volume at $1.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0950 between high and low, or 5.43%. For the last week the stock has had daily average volatility of 4.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCL.AX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect FINEOS CORPORATION HOLDINGS ORD to open at $1.78, and during the day (based on 14 day Average True Range), to move between $1.66 and $1.84, which gives a possible trading interval of +/-$0.0859 (+/-4.91%) up or down from last closing price. If FINEOS CORPORATION HOLDINGS ORD takes out the full calculated possible swing range there will be an estimated 9.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.73 (1.14%) than the resistance at $1.90 (8.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FINEOS CORPORATION HOLDINGS ORD stock A Buy?
FINEOS CORPORATION HOLDINGS ORD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.111 Sell Candidate Downgraded
Predicted Opening Price for FINEOS CORPORATION HOLDINGS ORD of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.78 ( 1.81%) | $1.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.88 | 7.24 % | |
| R2 | 1.84 | 5.16 % | ||
| R1 | 1.82 | 3.88 % | ||
| Current price: | 1.75 | |||
| Support | S1 | 1.75 | -0.264 % | |
| S2 | 1.72 | -1.55 % | ||
| S3 | 1.69 | -3.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.06 | 17.71 % | |
| R2 | 1.92 | 9.71 % | ||
| R1 | 1.90 | 8.57 % | ||
| Current price | 1.75 | |||
| Support | S1 | 1.73 | -1.14% | |
| S2 | 1.66 | -5.43% | ||
| S3 | 1.55 | -11.43% |
FAQ
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