Fobi AI Inc. Stock Forecast

Big movements in Fobi AI Inc. stock price on Friday moving 14.29% between high and low
(Updated on May 31, 2024)

FOBI.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.69%. 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 Fobi AI Inc. 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 $0.0757 and $0.0750. 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). Fobi AI Inc. 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 Fobi AI Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0650. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 9.90%.

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

Trading Expectations (FOBI.V) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Fobi AI Inc. to open at $0.0733, and during the day (based on 14 day Average True Range), to move between $0.0633 and $0.0767, which gives a possible trading interval of +/-$0.0067 (+/-9.62%) up or down from last closing price. If Fobi AI Inc. takes out the full calculated possible swing range there will be an estimated 19.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0750 (7.14%) than the support at $0.0650 (7.14%), 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 Fobi AI Inc. stock A Buy?

Fobi AI Inc. 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: -2.688 Sell Candidate Unchanged

Predicted Opening Price for Fobi AI Inc. of Monday, June 3, 2024

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