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AI Analysis of FML.AX
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Is Focus Minerals Limited stock still a buy after falling -7.14% on Friday?
(Updated on May 17, 2024)

Sell candidate since May 01, 2024 Loss -16.13% PDF

The Focus Minerals Limited stock price fell by -7.14% on the last day (Friday, 17th May 2024) from $0.140 to $0.130. During the last trading day the stock fluctuated 7.69% from a day low at $0.130 to a day high of $0.140. The price has been going up and down for this period, and there has been a 8.33% gain for the last 2 weeks. Volume has increased on the last day by 163 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 175 thousand shares were bought and sold for approximately $22.69 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.117 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.75% during the next 3 months and, with a 90% probability hold a price between $0.105 and $0.176 at the end of this 3-month period.

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FML.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Focus Minerals Limited 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 $0.138 and $0.168. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -10.34%. 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). Focus Minerals Limited 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 Focus Minerals Limited stock

Focus Minerals Limited finds support from accumulated volume at $0.125 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 $0.0100 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 5.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FML.AX) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Focus Minerals Limited to open at $0.133, and during the day (based on 14 day Average True Range), to move between $0.119 and $0.141, which gives a possible trading interval of +/-$0.0115 (+/-8.82%) up or down from last closing price. If Focus Minerals Limited takes out the full calculated possible swing range there will be an estimated 17.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.135 (3.85%) than the support at $0.125 (3.85%), 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.

Earnings coming up

Focus Minerals Limited will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Focus Minerals Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.33% in the first trading day after earnings release.

Is Focus Minerals Limited stock A Buy?

Focus Minerals Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -6.233 Strong Sell Candidate Unchanged

Predicted Opening Price for Focus Minerals Limited of Monday, May 20, 2024

Fair opening price May 20, 2024 Current price
$0.133 ( 2.56%) $0.130

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

Trading levels for FML.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.143 10.26 %
R2 0.140 7.32 %
R1 0.137 5.50 %
Current price: 0.130
Support S1 0.130 -0.374 %
S2 0.127 -2.19 %
S3 0.123 -5.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.155 19.23 %
R2 0.145 11.54 %
R1 0.135 3.85 %
Current price 0.130
Support S1 0.125 -3.85%
S2 0.120 -7.69%
S3 0 .

FAQ

What is the symbol for Focus Minerals Limited Stock and on which exchange is it traded?
The symbol for Focus Minerals Limited is FML.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Focus Minerals Limited Stock?
Focus Minerals Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Focus Minerals Limited Stock?
Focus Minerals Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Focus Minerals Limited Stock.

What's the current price of Focus Minerals Limited Stock?
As of the end of day on the May 17, 2024, the price of an Focus Minerals Limited (FML.AX) share was $0.130.

What is the 52-week high and low for Focus Minerals Limited Stock?
The 52-week high for Focus Minerals Limited Stock is $0.220 and the 52-week low is $0.115.

What is the market capitalization of Focus Minerals Limited Stock?
As of the May 17, 2024, the market capitalization of Focus Minerals Limited is 37.253M.

When is the next earnings date for Focus Minerals Limited?
The upcoming earnings date for Focus Minerals Limited is May 22, 2024.
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About Focus Minerals Limited

Focus Minerals Limited Focus Minerals Limited engages in the exploration and development of gold in Western Australia. The company holds a 100% interest in the Coolgardie gold project located on the western side of the Archaean Norseman-Wiluna Greenstone belt within the Coolgardie Domain; and the Laverton gold project located in the Yilgarn Craton of Western Australia. Focus Minerals Limited was incorporated in 1978 and is headquartered in East Perth, Australia. Focus ... FML.AX Profile

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