Four Leaf Acquisition Corporation Stock Forecast

Four Leaf Acquisition Corporation stock price up 0.275% on Wednesday
(Updated on Jun 26, 2024)

FORL Signals & Forecast

The Four Leaf Acquisition Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.91 and $10.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.01%. Further rise is indicated until a new top pivot has been found. Four Leaf Acquisition Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, July 24, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Four Leaf Acquisition Corporation stock

Four Leaf Acquisition Corporation finds support from accumulated volume at $10.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 0.149%.

Our recommended stop-loss: $10.10 (-7.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (FORL) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Four Leaf Acquisition Corporation to open at $10.95, and during the day (based on 14 day Average True Range), to move between $10.92 and $10.98, which gives a possible trading interval of +/-$0.0256 (+/-0.23%) up or down from last closing price. If Four Leaf Acquisition Corporation takes out the full calculated possible swing range there will be an estimated 0.47% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $10.92, some $0.0300 (0.27%) from the current price of $10.95, our system finds the risk reward attractive.

Is Four Leaf Acquisition Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Four Leaf Acquisition Corporation stock to perform well in the short-term period.

Current score: 1.843 Buy Candidate Unchanged

Predicted Opening Price for Four Leaf Acquisition Corporation of Thursday, June 27, 2024

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