$0.0022 (4.76%)

Volume: 6.896M

Closed: Dec 01, 2022

Hollow Logo Score: -3.147

Fernhill Corporation Stock Forecast

$0.0022 (4.76%)

Volume: 6.896M

Closed: Dec 01, 2022

Score Hollow Logo -3.147
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ]
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Big movements in Fernhill Corporation stock price on Thursday moving 15.00% between high and low
(Updated on Dec 01, 2022)

Sell candidate since 2022-09-20 Loss -63.93% PDF

The Fernhill Corporation stock price gained 4.76% on the last trading day (Thursday, 1st Dec 2022), rising from $0.0021 to $0.0022. During the last trading day the stock fluctuated 15.00% from a day low at $0.0020 to a day high of $0.0023. The price has fallen in 8 of the last 10 days and is down by -24.14% for this period. Volume fell on the last day by -6 million shares and in total, 7 million shares were bought and sold for approximately $15.17 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.

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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 -64.57% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0010 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.

FERN Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, November 30, 2022, and so far it has risen 4.76%. 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. The Fernhill Corporation 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 $0.0023 and $0.0033. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

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Support, Risk & Stop-loss for Fernhill Corporation stock

Fernhill Corporation finds support from accumulated volume at $0.0021 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0003 between high and low, or 15.00%. For the last week the stock has had daily average volatility of 14.37%.

Fernhill Corporation is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (FERN) For The Upcoming Trading Day Of Friday 2nd

For the upcoming trading day on Friday, 2nd we expect Fernhill Corporation to open at $0.0022, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0026, which gives a possible trading interval of +/-$0.0004 (+/-20.29%) up or down from last closing price. If Fernhill Corporation takes out the full calculated possible swing range there will be an estimated 40.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0023 (4.55%) than the support at $0.0021 (4.55%), 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 Fernhill Corporation stock A Buy?

Fernhill Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.147 Open Broker Account

Sell Candidate Upgraded

Predicted Opening Price for Fernhill Corporation of Friday, December 2, 2022

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

Fair opening price December 2, 2022 Current price
$0.0022 $0.0022 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.0025 12.12 %
0.0024 6.91 %
0.0023 3.69 %
Current price: 0.0022
Support 0.0021 -6.72 %
0.0020 -9.94 %
0.0019 -15.15 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.0026 18.18 %
0.0024 9.09 %
0.0023 4.55 %
Current price 0.0022
Support 0.0021 -4.55%
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About Fernhill Corporation

Fernhill Fernhill Corp, a Web3 holding company, focuses on developing and acquiring software companies in crypto currency mining, digital asset trading, NFTs, DeFi, and the Metaverse. The company was founded in 1997 and is based in Las Vegas, Nevada.... FERN Profile

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