FOXO Technologies Inc. Stock Forecast
Volatile ride for FOXO Technologies Inc. stock price on Friday moving between $0.291 and $0.327
(Updated on May 17, 2024)
The FOXO Technologies Inc. stock price fell by -5.35% on the last day (Friday, 17th May 2024) from $0.314 to $0.297. During the last trading day the stock fluctuated 12.26% from a day low at $0.291 to a day high of $0.327. The price has risen in 6 of the last 10 days and is up by 7.96% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -132 thousand shares and in total, 447 thousand shares were bought and sold for approximately $132.79 thousand.
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 -14.55% during the next 3 months and, with a 90% probability hold a price between $0.211 and $0.317 at the end of this 3-month period.
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FOXO Signals & Forecast
The FOXO Technologies Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.291 and $0.296. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen -5.35%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for FOXO Technologies Inc. stock
FOXO Technologies Inc. finds support from accumulated volume at $0.293 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0357 between high and low, or 12.26%. For the last week the stock has had daily average volatility of 10.95%.
Our recommended stop-loss: $0.280 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FOXO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect FOXO Technologies Inc. to open at $0.305, and during the day (based on 14 day Average True Range), to move between $0.273 and $0.321, which gives a possible trading interval of +/-$0.0239 (+/-8.06%) up or down from last closing price. If FOXO Technologies Inc. takes out the full calculated possible swing range there will be an estimated 16.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.293 (1.38%) than the resistance at $0.306 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
FOXO Technologies Inc. will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for FOXO Technologies Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 22.66% in the first trading day after earnings release.
Is FOXO Technologies Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.414 Buy Candidate Unchanged
Predicted Opening Price for FOXO Technologies Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.305 ( 2.73%) | $0.297 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOXO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.341 | 14.75 % | |
| R2 | 0.327 | 10.16 % | ||
| R1 | 0.319 | 7.32 % | ||
| Current price: | 0.297 | |||
| Support | S1 | 0.291 | -1.86 % | |
| S2 | 0.283 | -4.70 % | ||
| S3 | 0.269 | -9.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.358 | 20.54 % | |
| R2 | 0.350 | 17.85 % | ||
| R1 | 0.306 | 2.86 % | ||
| Current price | 0.297 | |||
| Support | S1 | 0.293 | -1.38% | |
| S2 | 0.292 | -1.68% | ||
| S3 | 0.270 | -9.12% |
FAQ
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