Five Below Stock Forecast
Five Below stock upgraded to Sell Candidate.
(Updated on May 26, 2023)
The Five Below stock price fell by -1.10% on the last day (Friday, 26th May 2023) from $179.25 to $177.27. During the last trading day the stock fluctuated 2.71% from a day low at $173.14 to a day high of $177.84. The price has fallen in 6 of the last 10 days and is down by -9.66% 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 -81 thousand shares and in total, 926 thousand shares were bought and sold for approximately $164.08 million.
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The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($184.15) are considered to be a "second chance" to get out. According to the fan-theory $157.35 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
FIVE Signals & Forecast
There are few to no technical positive signals at the moment. The Five Below 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 $186.47 and $197.79. 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 11, 2023, and so far it has fallen -18.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Five Below 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.70 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 2.89%.
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 Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Five Below to open at $176.08, and during the day (based on 14 day Average True Range), to move between $171.21 and $183.33, which gives a possible trading interval of +/-$6.06 (+/-3.42%) up or down from last closing price. If Five Below takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $195.33, some $18.06 (10.19%) from the current price of $177.27, our system finds the risk reward not very attractive.
Is Five Below stock A Buy?
Five Below holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.646 Open Broker Account
Sell Candidate UpgradedPredicted Opening Price for Five Below of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $176.08 | $177.27 (Overvalued) |
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Trading levels for FIVE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.78 | 1.98 % | |
| R2 | 178.99 | 0.97 % | ||
| R1 | 177.88 | 0.343 % | ||
| Current price: | 177.27 | |||
| Support | S1 | 174.29 | -1.68 % | |
| S2 | 173.18 | -2.31 % | ||
| S3 | 171.38 | -3.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 206.00 | 16.21 % | |
| R2 | 202.50 | 14.23 % | ||
| R1 | 195.33 | 10.19 % | ||
| Current price | 177.27 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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About Five Below
Five Below, Inc. operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lightin... FIVE Profile
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