Flexpoint Sensor Systems Stock Forecast

Big movements in Flexpoint Sensor Systems stock price on Friday moving 109.30% between high and low
(Updated on Jun 14, 2024)

FLXT Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. On corrections up, there will be some resistance from the lines at $0.0067 and $0.0065. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -52.22%. Further fall is indicated until a new bottom pivot has been found. Flexpoint Sensor Systems gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

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.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0047 between high and low, or 109.30%. For the last week, the stock has had daily average volatility of 21.86%.

Our recommended stop-loss: $0.0041 (-4.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (FLXT) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Flexpoint Sensor Systems to open at $0.0059, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0055, which gives a possible trading interval of +/-$0.0012 (+/-27.55%) up or down from last closing price. If Flexpoint Sensor Systems takes out the full calculated possible swing range there will be an estimated 55.09% 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 Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.