Fintech Ecosystem Development Corp. Stock Forecast

Red day on Monday for Fintech Ecosystem Development Corp.
(Updated on Jun 17, 2024)

FEXDW Signals & Forecast

The Fintech Ecosystem Development Corp. 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 $0.0253 and $0.0242. 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Fintech Ecosystem Development Corp. stock

Fintech Ecosystem Development Corp. finds support from accumulated volume at $0.0291 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 21.25%

Our recommended stop-loss: $0.0281 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 155 days ago.)

Trading Expectations (FEXDW) For The Upcoming Trading Day Of Tuesday 18th

With no resistance above and support from accumulated volume @ $0.0291, some $0.0002 (0.68%) from the current price of $0.0293, our system finds the risk reward attractive.

Is Fintech Ecosystem Development Corp. stock A Buy?

Fintech Ecosystem Development Corp. 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Fintech Ecosystem Development Corp. of Tuesday, June 18, 2024

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