Fission Uranium Corp. Stock Forecast
On Friday, Fission Uranium Corp. stock price gained an impressive 7.41%
(Updated on May 17, 2024)
The Fission Uranium Corp. stock price gained 7.41% on the last trading day (Friday, 17th May 2024), rising from $1.08 to $1.16. During the last trading day the stock fluctuated 8.33% from a day low at $1.08 to a day high of $1.17. The price has risen in 5 of the last 10 days and is up by 3.57% 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, 4 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $4.53 million.
The stock lies in the upper part of a wide and weak rising 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 $1.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.75% during the next 3 months and, with a 90% probability hold a price between $1.11 and $1.28 at the end of this 3-month period.
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FCU.TO Signals & Forecast
The Fission Uranium Corp. 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 $1.09 and $1.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 11.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Fission Uranium Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.06 and $1.02. 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, Fission Uranium Corp. finds support just below today's level at $1.06. If this is broken, then the next support from accumulated volume will be at $1.02 and $0.97.
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 $0.0900 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: $1.11 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (FCU.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Fission Uranium Corp. to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.21, which gives a possible trading interval of +/-$0.0499 (+/-4.30%) up or down from last closing price. If Fission Uranium Corp. takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.06, some $0.1000 (8.62%) from the current price of $1.16, our system finds the risk reward attractive.
Is Fission Uranium Corp. stock A Buy?
Fission Uranium Corp. 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 Fission Uranium Corp. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $1.14 ( 2.01%) | $1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCU.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 5.75 % | |
| R2 | 1.19 | 2.78 % | ||
| R1 | 1.17 | 0.95 % | ||
| Current price: | 1.16 | |||
| Support | S1 | 1.10 | -4.98 % | |
| S2 | 1.08 | -6.81 % | ||
| S3 | 1.05 | -9.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.16 | |||
| Support | S1 | 1.06 | -8.62% | |
| S2 | 1.02 | -12.07% | ||
| S3 | 0.97 | -16.38% |
FCU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 02, 2013 | Dec 10, 2013 | Dec 09, 2013 | $0.0001 | 0.0096% |
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