Fluence Energy, Inc. Stock Forecast
Evaluation of Fluence Energy, Inc. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Fluence Energy, Inc. stock price fell by -1.96% on the last day (Thursday, 25th Apr 2024) from $16.84 to $16.51. During the last trading day the stock fluctuated 4.20% from a day low at $15.97 to a day high of $16.64. The price has fallen in 6 of the last 10 days and is down by -1.73% 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 -318 thousand shares and in total, 1 million shares were bought and sold for approximately $18.84 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $16.10, a level that may pose a second chance to hit a runner. According to fan-theory $20.86 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FLNC Signals & Forecast
The Fluence Energy, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.99 and $15.83. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -5.22%. 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 Fluence Energy, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $15.55 and $14.73. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fluence Energy, Inc. finds support just below today's level at $15.55. If this is broken, then the next support from accumulated volume will be at $14.73 and $14.41.
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 $0.670 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 5.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLNC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Fluence Energy, Inc. to open at $16.37, and during the day (based on 14 day Average True Range), to move between $15.58 and $17.44, which gives a possible trading interval of +/-$0.93 (+/-5.65%) up or down from last closing price. If Fluence Energy, Inc. takes out the full calculated possible swing range there will be an estimated 11.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.01 (3.03%) than the support at $15.55 (5.81%), 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 Fluence Energy, Inc. stock A Buy?
Fluence Energy, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.372 Sell Candidate Downgraded
Predicted Opening Price for Fluence Energy, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $16.37 ( 0.83%) | $16.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLNC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.04 | 3.23 % | |
| R2 | 16.79 | 1.68 % | ||
| R1 | 16.63 | 0.722 % | ||
| Current price: | 16.51 | |||
| Support | S1 | 16.12 | -2.38 % | |
| S2 | 15.96 | -3.34 % | ||
| S3 | 15.70 | -4.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.23 | 22.53 % | |
| R2 | 17.76 | 7.57 % | ||
| R1 | 17.01 | 3.03 % | ||
| Current price | 16.51 | |||
| Support | S1 | 15.55 | -5.81% | |
| S2 | 14.73 | -10.81% | ||
| S3 | 14.41 | -12.72% |
FAQ
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