Fossil Group Stock Forecast
Red day on Friday for Fossil Group
(Updated on May 26, 2023)
No changes to the price of Fossil Group stock on the last trading day (Friday, 26th May 2023). During the last trading day the stock fluctuated 3.98% from a day low at $2.26 to a day high of $2.35. The price has risen in 5 of the last 10 days but is still down by -12.6% for this period.
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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.20% during the next 3 months and, with a 90% probability hold a price between $1.12 and $1.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
FOSL Signals & Forecast
There are mixed signals in the stock today. The Fossil Group stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.95. On a fall, the stock will find some support from the short-term average at $2.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Tuesday, May 16, 2023, and so far it has risen 18.04%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Fossil Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.14 and $2.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fossil Group finds support just below today's level at $2.14. If this is broken, then the next support from accumulated volume will be at $2.05 and $1.94.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0900 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 7.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FOSL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Fossil Group to open at $2.30, and during the day (based on 14 day Average True Range), to move between $2.09 and $2.49, which gives a possible trading interval of +/-$0.197 (+/-8.62%) up or down from last closing price. If Fossil Group takes out the full calculated possible swing range there will be an estimated 17.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.30 (0.44%) than the support at $2.14 (6.55%), 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 Fossil Group stock A Buy?
Fossil Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.926 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Fossil Group of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $2.30 | $2.29 (Undervalued) |
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Trading levels for FOSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.39 | 4.37 % | |
| R2 | 2.36 | 2.87 % | ||
| R1 | 2.33 | 1.94 % | ||
| Current price: | 2.29 | |||
| Support | S1 | 2.27 | -1.06 % | |
| S2 | 2.24 | -1.99 % | ||
| S3 | 2.21 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 2.62 | 14.41 % | ||
| R1 | 2.30 | 0.437 % | ||
| Current price | 2.29 | |||
| Support | S1 | 2.14 | -6.55% | |
| S2 | 2.05 | -10.48% | ||
| S3 | 1.94 | -15.28% |
FAQ
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About Fossil Group
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses. It also manufactures and distributes private label brands, as well as purchases and resells branded products in non-FOSSIL branded retail s... FOSL Profile
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
