Fintech Ecosystem Development Corp. Stock Forecast

Fintech Ecosystem Development Corp. stock price took a fall of -31.74% on Tuesday
(Updated on Jun 25, 2024)

FEXDW 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 Fintech Ecosystem Development Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0279 and $0.0245. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -31.74%. Further fall is indicated until a new bottom pivot has been found. Fintech Ecosystem Development Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fintech Ecosystem Development Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0004 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 0.400%.

Our recommended stop-loss: $0.0190 (-5.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (FEXDW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Fintech Ecosystem Development Corp. to open at $0.0201, and during the day (based on 14 day Average True Range), to move between $0.0200 and $0.0200, which gives a possible trading interval of +/-$ (+/-0.00%) up or down from last closing price. If Fintech Ecosystem Development Corp. takes out the full calculated possible swing range there will be an estimated 0.00% move between the lowest and the highest trading price during the day.

Is Fintech Ecosystem Development Corp. stock A Buy?

Fintech Ecosystem Development Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Wednesday, June 26, 2024

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