RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FOG.L
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Weaker technical forecast for Falcon Oil & Gas Ltd as stock downgraded to Strong Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Loss -14.71% PDF

The Falcon Oil & Gas Ltd stock price fell by -3.97% on the last day (Wednesday, 27th Mar 2024) from £7.55 to £7.25. During the last trading day the stock fluctuated 6.38% from a day low at £7.05 to a day high of £7.50. The price has been going up and down for this period, and there has been a -16.18% loss for the last 2 weeks. Volume has increased on the last day by 475 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, 1 million shares were bought and sold for approximately £9.85 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (£7.82) are considered to be a "second chance" to get out. According to the fan-theory £4.11 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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FOG.L Signals & Forecast

There are few to no technical positive signals at the moment. The Falcon Oil & Gas Ltd 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 £8.02 and £9.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -38.03%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Falcon Oil & Gas Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.450 between high and low, or 6.38%. For the last week, the stock has had daily average volatility of 5.07%.

Falcon Oil & Gas Ltd is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (FOG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Falcon Oil & Gas Ltd to open at £7.27, and during the day (based on 14 day Average True Range), to move between £6.81 and £7.69, which gives a possible trading interval of +/-£0.444 (+/-6.13%) up or down from last closing price. If Falcon Oil & Gas Ltd takes out the full calculated possible swing range there will be an estimated 12.26% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £7.55, some £0.300 (4.14%) from the current price of £7.25, our system finds the risk reward not very attractive.

Is Falcon Oil & Gas Ltd stock A Buy?

Falcon Oil & Gas Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.165 Strong Sell Candidate Downgraded

Predicted Opening Price for Falcon Oil & Gas Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£7.27 ( 0.230%) £7.25

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

Trading levels for FOG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.72 6.44 %
R2 7.54 4.07 %
R1 7.44 2.60 %
Current price: 7.25
Support S1 7.09 -2.14 %
S2 6.99 -3.61 %
S3 6.82 -5.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.50 17.24 %
R2 8.35 15.17 %
R1 7.55 4.14 %
Current price 7.25
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Falcon Oil & Gas Ltd Stock and on which exchange is it traded?
The symbol for Falcon Oil & Gas Ltd is FOG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Falcon Oil & Gas Ltd Stock?
Falcon Oil & Gas Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Falcon Oil & Gas Ltd Stock?
Falcon Oil & Gas Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Falcon Oil & Gas Ltd Stock.

What's the current price of Falcon Oil & Gas Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Falcon Oil & Gas Ltd (FOG.L) share was £7.25.

What is the 52-week high and low for Falcon Oil & Gas Ltd Stock?
The 52-week high for Falcon Oil & Gas Ltd Stock is £13.44 and the 52-week low is £6.00.

What is the market capitalization of Falcon Oil & Gas Ltd Stock?
As of the 2024-03-27, the market capitalization of Falcon Oil & Gas Ltd is 75.715M.

When is the next earnings date for Falcon Oil & Gas Ltd?
The upcoming earnings date for Falcon Oil & Gas Ltd is Apr 25, 2024.
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About Falcon Oil & Gas Ltd

Falcon Oil & Gas Ltd Falcon Oil & Gas Ltd., an oil and gas company, engages in the exploration, and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. It holds 22.5% interests in three exploration permits covering an area of approximately 1 million net acres in the Beetaloo Sub-basin, Northern Territory, Australia. The company also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327... FOG.L Profile

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