Fossil Group, Inc. 7% Senior Notes Due Stock Forecast
Volatile ride for Fossil Group, Inc. 7% Senior Notes Due stock price on Friday moving between $12.25 and $14.00
(Updated on Jun 28, 2024)
The Fossil Group, Inc. 7% Senior Notes Due stock price fell by -10.78% on the last day (Friday, 28th Jun 2024) from $14.01 to $12.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 14.28% from a day low at $12.25 to a day high of $14.00. The price has been going up and down for this period, and there has been a -10.71% loss for the last 2 weeks. Volume has increased on the last day by 195 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, 197 thousand shares were bought and sold for approximately $2.46 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 38.17% during the next 3 months and, with a 90% probability hold a price between $15.76 and $20.95 at the end of this 3-month period.
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FOSLL Signals & Forecast
The Fossil Group, Inc. 7% Senior Notes Due stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $14.21. On a fall, the stock will find some support from the long-term average at approximately $12.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -16.05%. 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 Fossil Group, Inc. 7% Senior Notes Due stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.20 and $10.00. 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, Inc. 7% Senior Notes Due finds support just below today's level at $10.20. If this is broken, then the next support from accumulated volume will be at $10.00 and $9.96.
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 $1.75 between high and low, or 14.28%. For the last week, the stock has had daily average volatility of 6.05%.
Our recommended stop-loss: $11.86 (-5.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (FOSLL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fossil Group, Inc. 7% Senior Notes Due 2026 to open at $12.92, and during the day (based on 14 day Average True Range), to move between $11.71 and $13.29, which gives a possible trading interval of +/-$0.786 (+/-6.29%) up or down from last closing price. If Fossil Group, Inc. 7% Senior Notes Due 2026 takes out the full calculated possible swing range there will be an estimated 12.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.71 (1.68%) than the support at $10.20 (18.40%), 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, Inc. 7% Senior Notes Due 2026 stock A Buy?
Fossil Group, Inc. 7% Senior Notes Due holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.854 Hold/Accumulate Unchanged
Predicted Opening Price for Fossil Group, Inc. 7% Senior Notes Due 2026 of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$12.92 ( 3.33%) | $12.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOSLL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.67 | 17.33% |
R2 | 14.00 | 11.99% |
R1 | 13.59 | 8.68% |
Price | 12.50 | |
S1 | 12.25 | -2.01% |
S2 | 11.84 | -5.32% |
S3 | 11.17 | -10.67% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.50 | 8.00% |
R2 | 13.00 | 4.00% |
R1 | 12.71 | 1.68% |
Price | 12.50 | |
S1 | 10.20 | -18.40% |
S2 | 10.00 | -20.00% |
S3 | 9.96 | -20.32% |
FOSLL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.438 | 3.37% |
2 | Feb 14, 2024 | Feb 14, 2024 | Feb 28, 2024 | $0.438 | 4.00% |
3 | Nov 13, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.438 | 3.23% |
4 | Aug 14, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.438 | 2.57% |
5 | May 12, 2023 | May 12, 2023 | May 31, 2023 | $0.438 | 2.39% |
FAQ
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