Fernhill Corporation Stock Forecast
High volatility in Fernhill Corporation stock price on Thursday which ended trading at $0.0014
(Updated on Mar 28, 2024)
No changes to the price of Fernhill Corporation stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 15.38% from a day low at $0.0013 to a day high of $0.0015. The price has fallen in 4 of the last 10 days and is down by -17.65% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0013 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.24% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0018 at the end of this 3-month period.
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FERN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 7.69%. 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 $0.0014 and $0.0018. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fernhill Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0013. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0002 between high and low, or 15.38%. For the last week the stock has had daily average volatility of 12.31%.
Fernhill Corporation is oversold on RSI14 (23). 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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Fernhill Corporation to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0016, which gives a possible trading interval of +/-$0.0002 (+/-13.19%) up or down from last closing price. If Fernhill Corporation takes out the full calculated possible swing range there will be an estimated 26.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0013 (7.14%) than the resistance at $0.0016 (10.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -4.272 Sell Candidate Unchanged
Predicted Opening Price for Fernhill Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.0014 ( 0%) | $0.0014 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FERN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0016 | 14.29 % | |
R2 | 0.0015 | 8.83 % | ||
R1 | 0.0015 | 5.46 % | ||
Current price: | 0.0014 | |||
Support | S1 | 0.0013 | -5.46 % | |
S2 | 0.0013 | -8.83 % | ||
S3 | 0.0012 | -14.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0017 | 22.07 % | |
R2 | 0.0017 | 21.43 % | ||
R1 | 0.0016 | 10.71 % | ||
Current price | 0.0014 | |||
Support | S1 | 0.0013 | -7.14% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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