FDCTech, Inc. Stock Forecast
Big movements in FDCTech, Inc. stock price on Friday moving 94.33% between high and low
(Updated on May 17, 2024)
The FDCTech, Inc. stock price gained 27.50% on the last trading day (Friday, 17th May 2024), rising from $0.0200 to $0.0255. During the last trading day the stock fluctuated 94.33% from a day low at $0.0141 to a day high of $0.0274. The price has risen in 6 of the last 10 days and is up by 50% over the past 2 weeks. Volume fell on the last day by -112 thousand shares and in total, 259 thousand shares were bought and sold for approximately $6.59 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 upper part of a very 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 $0.0261 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.54% during the next 3 months and, with a 90% probability hold a price between $0.0122 and $0.0273 at the end of this 3-month period.
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FDCT Signals & Forecast
The FDCTech, Inc. 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 $0.0186 and $0.0164. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 138.32%. 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. 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 FDCTech, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0230 and $0.0210. 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, FDCTech, Inc. finds support just below today's level at $0.0230. If this is broken, then the next support from accumulated volume will be at $0.0210 and $0.0200.
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 $0.0133 between high and low, or 94.33%. For the last week the stock has had daily average volatility of 37.68%.
Our recommended stop-loss: $0.0247 (-3.08%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (FDCT) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect FDCTech, Inc. to open at $0.0223, and during the day (based on 14 day Average True Range), to move between $0.0221 and $0.0289, which gives a possible trading interval of +/-$0.0034 (+/-13.29%) up or down from last closing price. If FDCTech, Inc. takes out the full calculated possible swing range there will be an estimated 26.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0230, some $0.0025 (9.80%) from the current price of $0.0255, our system finds the risk reward attractive.
Is FDCTech, Inc. stock A Buy?
FDCTech, Inc. 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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 FDCTech, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0223 ( 12.42%) | $0.0255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDCT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0356 | 39.74 % | |
| R2 | 0.0306 | 19.81 % | ||
| R1 | 0.0274 | 7.51 % | ||
| Current price: | 0.0255 | |||
| Support | S1 | 0.0173 | -32.34 % | |
| S2 | 0.0141 | -44.65 % | ||
| S3 | 0.0090 | -64.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0255 | |||
| Support | S1 | 0.0230 | -9.80% | |
| S2 | 0.0210 | -17.65% | ||
| S3 | 0.0200 | -21.57% |
FAQ
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