FonU2 Inc Stock Forecast
Evaluation of FonU2 Inc stock downgraded after the last trading session.
(Updated on May 10, 2024)
No changes to the price of FonU2 Inc stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.000001 to a day high of $0.000001. The price has been going up and down for this period, and there has been a -99% loss for the last 2 weeks.
The stock has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $0.00000101 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FONU Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has fallen 0%. 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 FonU2 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 $0.00005757 and $0.00003777. 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). 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 FonU2 Inc 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.
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 5,940.00%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FONU) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect FonU2 Inc to open at $0.000001, and during the day (based on 14 day Average True Range), to move between -$0.00006048 and $0.00006248, which gives a possible trading interval of +/-$0.00006148 (+/-6 147.63%) up or down from last closing price. If FonU2 Inc takes out the full calculated possible swing range there will be an estimated 12 295.25% move between the lowest and the highest trading price during the day.
Is FonU2 Inc stock A Buy?
FonU2 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. 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: -5.344 Strong Sell Candidate Downgraded
Predicted Opening Price for FonU2 Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.000001 ( 0%) | $0.000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FONU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.000001 | . | |
| R2 | 0.000001 | . | ||
| R1 | 0.000001 | . | ||
| Current price: | 0.000001 | |||
| Support | S1 | 0.000001 | . | |
| S2 | 0.000001 | . | ||
| S3 | 0.000001 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.000001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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