4Front Ventures Corp. Stock Forecast
Volatile ride for 4Front Ventures Corp. stock price on Wednesday moving between $0.0925 and $0.130
(Updated on May 01, 2024)
The 4Front Ventures Corp. stock price fell by -24.37% on the last day (Wednesday, 1st May 2024) from $0.122 to $0.0925. During the last trading day the stock fluctuated 40.54% from a day low at $0.0925 to a day high of $0.130. The price has fallen in 6 of the last 10 days and is down by -11.9% 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 -332 thousand shares and in total, 582 thousand shares were bought and sold for approximately $53.87 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect 4Front Ventures Corp. stock with a 90% probability to be traded between $0.0687 and $0.121 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FFNTF 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 4Front Ventures Corp. 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 $0.0951 and $0.0993. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -24.37%. 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 4Front Ventures Corp. stock
4Front Ventures Corp. finds support from accumulated volume at $0.0901 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 $0.0375 between high and low, or 40.54%. For the last week the stock has had daily average volatility of 34.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FFNTF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect 4Front Ventures Corp. to open at $0.105, and during the day (based on 14 day Average True Range), to move between $0.0718 and $0.113, which gives a possible trading interval of +/-$0.0207 (+/-22.42%) up or down from last closing price. If 4Front Ventures Corp. takes out the full calculated possible swing range there will be an estimated 44.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0901 (2.59%) than the resistance at $0.110 (18.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 4Front Ventures Corp. stock A Buy?
4Front Ventures Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -4.701 Sell Candidate Downgraded
Predicted Opening Price for 4Front Ventures Corp. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.105 ( 13.51%) | $0.0925 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFNTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.143 | 54.05 % | |
| R2 | 0.128 | 38.57 % | ||
| R1 | 0.119 | 29.00 % | ||
| Current price: | 0.0925 | |||
| Support | S1 | 0.0907 | -1.97 % | |
| S2 | 0.0818 | -11.54 % | ||
| S3 | 0.0675 | -27.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.115 | 24.32 % | |
| R2 | 0.110 | 19.14 % | ||
| R1 | 0.110 | 18.70 % | ||
| Current price | 0.0925 | |||
| Support | S1 | 0.0901 | -2.59% | |
| S2 | 0.0890 | -3.78% | ||
| S3 | 0.0850 | -8.11% |
FAQ
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