Fission Uranium Corp Stock Forecast
Fission Uranium Corp stock downgraded to Hold/Accumulate
(Updated on May 16, 2024)
The Fission Uranium Corp stock price gained 0.119% on the last trading day (Thursday, 16th May 2024), rising from $0.796 to $0.797. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.54% from a day low at $0.780 to a day high of $0.80. The price has risen in 6 of the last 10 days but is still down by -2.7% for this period. Volume fell on the last day by -8 thousand shares and in total, 186 thousand shares were bought and sold for approximately $148.53 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.87% during the next 3 months and, with a 90% probability hold a price between $0.773 and $0.90 at the end of this 3-month period.
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FCUUF 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, 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 $0.783 and $0.790. 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 6.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Fission Uranium Corp stock
Fission Uranium Corp finds support from accumulated volume at $0.790 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 $0.0198 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 4.73%.
Our recommended stop-loss: $0.769 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (FCUUF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Fission Uranium Corp to open at $0.792, and during the day (based on 14 day Average True Range), to move between $0.760 and $0.83, which gives a possible trading interval of +/-$0.0371 (+/-4.65%) up or down from last closing price. If Fission Uranium Corp takes out the full calculated possible swing range there will be an estimated 9.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.790 (0.89%) than the resistance at $0.81 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Fission Uranium Corp will release earnings -- on Monday, May 20, 2024. We will update the financials statements for Fission Uranium Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.09% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.374 Hold/Accumulate Downgraded
Predicted Opening Price for Fission Uranium Corp of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.792 ( 0.585%) | $0.797 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCUUF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.81 | 1.90 % | |
| R2 | 0.80 | 0.95 % | ||
| R1 | 0.800 | 0.363 % | ||
| Current price: | 0.797 | |||
| Support | S1 | 0.785 | -1.53 % | |
| S2 | 0.780 | -2.12 % | ||
| S3 | 0.773 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 2.67 % | |
| R2 | 0.81 | 1.62 % | ||
| R1 | 0.81 | 1.24 % | ||
| Current price | 0.797 | |||
| Support | S1 | 0.790 | -0.89% | |
| S2 | 0.775 | -2.77% | ||
| S3 | 0.719 | -9.79% |
FAQ
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