Ferro USD Stock Forecast
Ferro USD stock price down 0.390% on Saturday
(Updated on Jun 29, 2024)
The Ferro USD stock price fell by -0.390% on the last day (Saturday, 29th Jun 2024) from $0.0059 to $0.0059. During the last trading day the stock fluctuated 0.510% from a day low at $0.0059 to a day high of $0.0059. The price has fallen in 7 of the last 10 days and is down by -3.1% for this period. 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 -170 shares and in total, 4 thousand shares were bought and sold for approximately $26.17 .
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 -28.69% during the next 3 months and, with a 90% probability hold a price between $0.0011 and $0.0123 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FERUSD Signals & Forecast
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. The Ferro USD 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 $0.0059 and $0.0069. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, April 13, 2024, and so far it has fallen -74.64%. 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 Ferro USD stock
Ferro USD finds support from accumulated volume at $0.0059 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 $0.00003 between high and low, or 0.510%. For the last week the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FERUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Ferro USD to open at $0.0059, and during the day (based on 14 day Average True Range), to move between $0.0057 and $0.0061, which gives a possible trading interval of +/-$0.0002 (+/-3.51%) up or down from last closing price. If Ferro USD takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0059 (0.36%) than the resistance at $0.0059 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ferro USD stock A Buy?
Ferro USD 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: -4.428 Sell Candidate Unchanged
Predicted Opening Price for Ferro USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.0059 ( 0.159%) | $0.0059 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FERUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0059 | 0.669% |
R2 | 0.0059 | 0.474% |
R1 | 0.0059 | 0.354% |
Price | 0.0059 | |
S1 | 0.0059 | -0.0362% |
S2 | 0.0059 | -0.157% |
S3 | 0.0059 | -0.352% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0073 | 24.82% |
R2 | 0.0068 | 15.31% |
R1 | 0.0059 | 0.87% |
Price | 0.0059 | |
S1 | 0.0059 | -0.357% |
S2 | 0.0058 | -0.97% |
S3 | 0.0058 | -1.29% |
FAQ
Click here for our free guide on how to buy Ferro USD Stock.