Flexpoint Sensor Systems Stock Forecast
Flexpoint Sensor Systems stock price ended at $0.0043 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of Flexpoint Sensor Systems stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0043 to a day high of $0.0043. The price has been going up and down for this period, and there has been a -41.89% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0040 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.16% during the next 3 months and, with a 90% probability hold a price between $0.0044 and $0.0100 at the end of this 3-month period.
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FLXT Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. 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. The Flexpoint Sensor Systems 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 $0.0047 and $0.0063. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, May 17, 2024 with a target of $0.0054. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Flexpoint Sensor Systems stock
Flexpoint Sensor Systems finds support from accumulated volume at $0.0041 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Flexpoint Sensor Systems is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0040 (-6.56%) (This stock has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (FLXT) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Flexpoint Sensor Systems to open at $0.0043, and during the day (based on 14 day Average True Range), to move between $0.0035 and $0.0051, which gives a possible trading interval of +/-$0.0008 (+/-19.11%) up or down from last closing price. If Flexpoint Sensor Systems takes out the full calculated possible swing range there will be an estimated 38.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0045 (4.65%) than the support at $0.0041 (4.65%), 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 Flexpoint Sensor Systems stock A Buy?
Flexpoint Sensor Systems holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Flexpoint Sensor Systems of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.0043 ( 0%) | $0.0043 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLXT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0043 | - |
| R2 | 0.0043 | - |
| R1 | 0.0043 | - |
| Price | 0.0043 | |
| S1 | 0.0043 | - |
| S2 | 0.0043 | - |
| S3 | 0.0043 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0048 | 10.58% |
| R2 | 0.0046 | 6.98% |
| R1 | 0.0045 | 4.65% |
| Price | 0.0043 | |
| S1 | 0.0041 | -4.65% |
| S2 | 0.0038 | -11.98% |
| S3 | 0.0033 | -23.26% |
FAQ
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