5E Advanced Materials Inc. Stock Forecast
Red day on Tuesday for 5E Advanced Materials Inc.
(Updated on May 07, 2024)
The 5E Advanced Materials Inc. stock price fell by -4.17% on the last day (Tuesday, 7th May 2024) from $1.44 to $1.38. During the last trading day the stock fluctuated 8.15% from a day low at $1.35 to a day high of $1.46. The price has risen in 5 of the last 10 days and is up by 9.52% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 71 thousand shares were bought and sold for approximately $97.70 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 -10.53% during the next 3 months and, with a 90% probability hold a price between $0.776 and $1.63 at the end of this 3-month period.
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FEAM Signals & Forecast
The 5E Advanced Materials 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 $1.27 and $1.25. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -30.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 5E Advanced Materials Inc. stock
5E Advanced Materials Inc. finds support from accumulated volume at $1.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.110 between high and low, or 8.15%. For the last week the stock has had daily average volatility of 11.73%.
Our recommended stop-loss: $1.30 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (FEAM) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect 5E Advanced Materials Inc. to open at $1.40, and during the day (based on 14 day Average True Range), to move between $1.25 and $1.51, which gives a possible trading interval of +/-$0.126 (+/-9.11%) up or down from last closing price. If 5E Advanced Materials Inc. takes out the full calculated possible swing range there will be an estimated 18.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.39 (0.72%) than the support at $1.32 (4.35%), 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.
Earnings coming up
5E Advanced Materials Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for 5E Advanced Materials Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.88% in the first trading day after earnings release.
Is 5E Advanced Materials Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.698 Buy Candidate Unchanged
Predicted Opening Price for 5E Advanced Materials Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $1.40 ( 1.21%) | $1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 9.18 % | |
| R2 | 1.46 | 6.13 % | ||
| R1 | 1.44 | 4.25 % | ||
| Current price: | 1.38 | |||
| Support | S1 | 1.35 | -1.84 % | |
| S2 | 1.33 | -3.72 % | ||
| S3 | 1.29 | -6.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.48 | 7.25 % | |
| R2 | 1.40 | 1.45 % | ||
| R1 | 1.39 | 0.725 % | ||
| Current price | 1.38 | |||
| Support | S1 | 1.32 | -4.35% | |
| S2 | 1.26 | -8.70% | ||
| S3 | 1.20 | -13.04% |
FAQ
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