FingerMotion, Inc. Stock Forecast

Big movements in FingerMotion, Inc. stock price on Thursday moving 10.15% between high and low
(Updated on May 16, 2024)

FNGR Signals & Forecast

The FingerMotion, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.31. On a fall, the stock will find some support from the long-term average at approximately $3.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 29, 2024, and so far it has fallen -14.73%. 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).

Support, Risk & Stop-loss for FingerMotion, Inc. stock

FingerMotion, Inc. finds support from accumulated volume at $3.29 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.330 between high and low, or 10.15%. For the last week, the stock has had daily average volatility of 9.29%.

Our recommended stop-loss: $3.10 (-6.12%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (FNGR) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect FingerMotion, Inc. to open at $3.38, and during the day (based on 14 day Average True Range), to move between $2.99 and $3.61, which gives a possible trading interval of +/-$0.310 (+/-9.40%) up or down from last closing price. If FingerMotion, Inc. takes out the full calculated possible swing range there will be an estimated 18.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.29 (0.30%) than the resistance at $3.50 (6.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FingerMotion, Inc. 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 FingerMotion, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.227 Buy Candidate Upgraded

Predicted Opening Price for FingerMotion, Inc. of Friday, May 17, 2024

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