Full House Resorts Stock Forecast
Full House Resorts stock price ended at $5.28 on Wednesday, after losing 1.68%.
(Updated on Apr 24, 2024)
The Full House Resorts stock price fell by -1.68% on the last day (Wednesday, 24th Apr 2024) from $5.37 to $5.28. During the last trading day the stock fluctuated 3.83% from a day low at $5.22 to a day high of $5.42. The price has fallen in 4 of the last 10 days but is still up by 2.13% over the past 2 weeks. 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 -5 thousand shares and in total, 46 thousand shares were bought and sold for approximately $241.48 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.30% during the next 3 months and, with a 90% probability hold a price between $5.42 and $6.42 at the end of this 3-month period.
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FLL Signals & Forecast
The Full House Resorts stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.13 and $5.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.24%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Full House Resorts stock
Full House Resorts finds support from accumulated volume at $5.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.200 between high and low, or 3.83%. For the last week the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: $5.06 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (FLL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Full House Resorts to open at $5.31, and during the day (based on 14 day Average True Range), to move between $5.04 and $5.52, which gives a possible trading interval of +/-$0.235 (+/-4.45%) up or down from last closing price. If Full House Resorts takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.29 (0.19%) than the support at $5.14 (2.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Full House Resorts stock A Buy?
Full House Resorts 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: 0.675 Hold/Accumulate Unchanged
Predicted Opening Price for Full House Resorts of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.31 ( 0.505%) | $5.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.51 | 4.29 % | |
| R2 | 5.43 | 2.85 % | ||
| R1 | 5.38 | 1.95 % | ||
| Current price: | 5.28 | |||
| Support | S1 | 5.23 | -0.94 % | |
| S2 | 5.18 | -1.84 % | ||
| S3 | 5.11 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.53 | 4.73 % | |
| R2 | 5.49 | 3.98 % | ||
| R1 | 5.29 | 0.189 % | ||
| Current price | 5.28 | |||
| Support | S1 | 5.14 | -2.65% | |
| S2 | 4.99 | -5.49% | ||
| S3 | 4.74 | -10.23% |
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