Five Below Stock Forecast
Five Below stock price up 1.56% on Thursday
(Updated on Apr 25, 2024)
The Five Below stock price gained 1.56% on the last trading day (Thursday, 25th Apr 2024), rising from $148.54 to $150.85. During the last trading day the stock fluctuated 1.97% from a day low at $148.70 to a day high of $151.63. The price has fallen in 7 of the last 10 days and is down by -7.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 311 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $154.35 million.
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 $146.49 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.28% during the next 3 months and, with a 90% probability hold a price between $121.18 and $159.44 at the end of this 3-month period.
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FIVE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 2.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Five Below stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $174.72. On a fall, the stock will find some support from the short-term average at $150.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Five Below stock
Five Below finds support from accumulated volume at $149.30 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.93 between high and low, or 1.97%. 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 (FIVE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Five Below to open at $150.39, and during the day (based on 14 day Average True Range), to move between $145.91 and $155.79, which gives a possible trading interval of +/-$4.94 (+/-3.27%) up or down from last closing price. If Five Below takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $149.30 (1.03%) than the resistance at $163.99 (8.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Five Below stock A Buy?
Five Below holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.796 Sell Candidate Unchanged
Predicted Opening Price for Five Below of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$150.39 ( 0.303%) | $150.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIVE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 153.32 | 1.64 % | |
R2 | 152.20 | 0.90 % | ||
R1 | 151.51 | 0.439 % | ||
Current price: | 150.85 | |||
Support | S1 | 149.27 | -1.04 % | |
S2 | 148.58 | -1.50 % | ||
S3 | 147.46 | -2.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 176.79 | 17.20 % | |
R2 | 170.99 | 13.35 % | ||
R1 | 163.99 | 8.71 % | ||
Current price | 150.85 | |||
Support | S1 | 149.30 | -1.03% | |
S2 | 148.61 | -1.48% | ||
S3 | 147.79 | -2.03% |
FAQ
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