Fellaz USD Stock Forecast
Red day on Monday for Fellaz USD
(Updated on Jun 17, 2024)
No changes to the price of Fellaz USD stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.42 to a day high of $3.42. The price has fallen in 6 of the last 10 days and is down by -12.51% for this period.
The stock lies in the middle of a very wide and strong 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 22.71% during the next 3 months and, with a 90% probability hold a price between $1.90 and $6.88 at the end of this 3-month period.
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FLZUSD Signals & Forecast
The Fellaz USD 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 $3.18 and $2.81. 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 Sunday, June 16, 2024, and so far it has fallen 0%. 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 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.
Support, Risk & Stop-loss for Fellaz USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.07 and $2.66. 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, Fellaz USD finds support just below today's level at $3.07. If this is broken, then the next support from accumulated volume will be at $2.66 and $2.66.
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 9.12%
Our recommended stop-loss: $3.28 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (FLZUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Fellaz USD to open at $3.42, and during the day (based on 14 day Average True Range), to move between $2.89 and $3.96, which gives a possible trading interval of +/-$0.534 (+/-15.58%) up or down from last closing price. If Fellaz USD takes out the full calculated possible swing range there will be an estimated 31.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.55 (3.73%) than the support at $3.07 (10.27%), 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 Fellaz USD stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fellaz USD stock to perform well in the short-term.
Current score: 2.223 Buy Candidate Unchanged
Predicted Opening Price for Fellaz USD of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$3.42 ( 0%) | $3.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLZUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.42 | - |
R2 | 3.42 | - |
R1 | 3.42 | - |
Price | 3.42 | |
S1 | 3.42 | - |
S2 | 3.42 | - |
S3 | 3.42 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.10 | 19.82% |
R2 | 4.00 | 16.68% |
R1 | 3.55 | 3.73% |
Price | 3.42 | |
S1 | 3.07 | -10.27% |
S2 | 2.66 | -22.23% |
S3 | 2.66 | -22.24% |
FAQ
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