RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FDCFF
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Forum Energy Metals Corp. stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Loss -3.34% PDF

The Forum Energy Metals Corp. stock price fell by -3.34% on the last day (Thursday, 28th Mar 2024) from $0.0869 to $0.0840. During the last trading day the stock fluctuated 7.11% from a day low at $0.0830 to a day high of $0.0889. The price has fallen in 6 of the last 10 days and is down by -5.62% for this period. Volume has increased on the last day by 323 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 438 thousand shares were bought and sold for approximately $36.79 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.59% during the next 3 months and, with a 90% probability hold a price between $0.0549 and $0.0815 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

FDCFF Signals & Forecast

There are few to no technical positive signals at the moment. The Forum Energy Metals Corp. 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 $0.0874 and $0.0942. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 16, 2024, and so far it has fallen -31.15%. 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). Forum Energy Metals Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Forum Energy Metals Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0059 between high and low, or 7.11%. For the last week, the stock has had daily average volatility of 9.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FDCFF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Forum Energy Metals Corp. to open at $0.0853, and during the day (based on 14 day Average True Range), to move between $0.0765 and $0.0915, which gives a possible trading interval of +/-$0.0075 (+/-8.91%) up or down from last closing price. If Forum Energy Metals Corp. takes out the full calculated possible swing range there will be an estimated 17.82% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0850, some $0.0010 (1.19%) from the current price of $0.0840, our system finds the risk reward not very attractive.

Is Forum Energy Metals Corp. stock A Buy?

Forum Energy Metals Corp. holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -6.096 Strong Sell Candidate Downgraded

Predicted Opening Price for Forum Energy Metals Corp. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.0853 ( 1.55%) $0.0840

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FDCFF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0912 8.57 %
R2 0.0889 5.89 %
R1 0.0876 4.23 %
Current price: 0.0840
Support S1 0.0830 -1.14 %
S2 0.0817 -2.79 %
S3 0.0794 -5.48 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.101 20.24 %
R2 0.0880 4.76 %
R1 0.0850 1.19 %
Current price 0.0840
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Forum Energy Metals Corp. Stock and on which exchange is it traded?
The symbol for Forum Energy Metals Corp. is FDCFF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Forum Energy Metals Corp. Stock?
Forum Energy Metals Corp. holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

How to buy Forum Energy Metals Corp. Stock?
Forum Energy Metals Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Forum Energy Metals Corp. Stock.

What's the current price of Forum Energy Metals Corp. Stock?
As of the end of day on the 2024-03-28, the price of an Forum Energy Metals Corp. (FDCFF) share was $0.0840.

What is the 52-week high and low for Forum Energy Metals Corp. Stock?
The 52-week high for Forum Energy Metals Corp. Stock is $0.153 and the 52-week low is $0.0398.

What is the market capitalization of Forum Energy Metals Corp. Stock?
As of the 2024-03-28, the market capitalization of Forum Energy Metals Corp. is 18.346M.
Click to get the best stock tips daily for free!

About Forum Energy Metals Corp.

Forum Energy Metals . Forum Energy Metals Corp. engages in the evaluation, acquisition, exploration, and development of natural resource properties in Canada and the United States. The company explores for energy metals, including copper, cobalt, uranium, palladium, nickel, platinum, and gold deposits. It holds 100% interests in the Fir Island uranium project covering an area of 20,463; the Janice Lake copper-silver project that covers an area of 39,943 hectares; the ... FDCFF Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT