Focus Universal Inc. Stock Forecast
Big movements in Focus Universal Inc. stock price on Thursday moving 11.59% between high and low
(Updated on May 02, 2024)
The Focus Universal Inc. stock price gained 2.96% on the last trading day (Thursday, 2nd May 2024), rising from $0.301 to $0.310. During the last trading day the stock fluctuated 11.59% from a day low at $0.300 to a day high of $0.335. The price has risen in 7 of the last 10 days and is up by 11.68% over the past 2 weeks. Volume fell on the last day by -259 thousand shares and in total, 97 thousand shares were bought and sold for approximately $29.95 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 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 $0.359 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 -54.35% during the next 3 months and, with a 90% probability hold a price between $0.0087 and $0.164 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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FCUV Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 23.96%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Focus Universal Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.377. On a fall, the stock will find some support from the short-term average at $0.297. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Focus Universal Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.291 and $0.290. 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, Focus Universal Inc. finds support just below today's level at $0.291. If this is broken, then the next support from accumulated volume will be at $0.290 and $0.283.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0348 between high and low, or 11.59%. For the last week the stock has had daily average volatility of 35.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCUV) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Focus Universal Inc. to open at $0.315, and during the day (based on 14 day Average True Range), to move between $0.230 and $0.390, which gives a possible trading interval of +/-$0.0803 (+/-25.92%) up or down from last closing price. If Focus Universal Inc. takes out the full calculated possible swing range there will be an estimated 51.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.322 (4.00%) than the support at $0.291 (6.03%), 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 Focus Universal Inc. stock A Buy?
Focus Universal Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.258 Sell Candidate Upgraded
Predicted Opening Price for Focus Universal Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.315 ( 1.68%) | $0.310 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCUV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.350 | 12.91 % | |
| R2 | 0.337 | 8.62 % | ||
| R1 | 0.328 | 5.97 % | ||
| Current price: | 0.310 | |||
| Support | S1 | 0.302 | -2.61 % | |
| S2 | 0.294 | -5.26 % | ||
| S3 | 0.280 | -9.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.346 | 11.65 % | |
| R2 | 0.341 | 10.16 % | ||
| R1 | 0.322 | 4.00 % | ||
| Current price | 0.310 | |||
| Support | S1 | 0.291 | -6.03% | |
| S2 | 0.290 | -6.42% | ||
| S3 | 0.283 | -8.68% |
FAQ
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