Whole Earth Brands Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Whole Earth Brands Inc stock price on Friday moving between $0.0383 and $0.0580
(Updated on Jun 28, 2024)
The Whole Earth Brands Inc stock price fell by -27.87% on the last day (Friday, 28th Jun 2024) from $0.0531 to $0.0383. During the last trading day the stock fluctuated 51.44% from a day low at $0.0383 to a day high of $0.0580. The price has fallen in 4 of the last 10 days and is down by -4.25% for this period. 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 -820 shares and in total, 480 shares were bought and sold for approximately $18.38 .
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 -4.49% during the next 3 months and, with a 90% probability hold a price between $0.0291 and $0.0596 at the end of this 3-month period.
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FREEW Signals & Forecast
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. The Whole Earth Brands 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 $0.0523 and $0.0489. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -27.87%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Whole Earth Brands Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0341 and $0.0322. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0322 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0197 between high and low, or 51.44%. For the last week the stock has had daily average volatility of 40.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FREEW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Whole Earth Brands Inc to open at $0.0449, and during the day (based on 14 day Average True Range), to move between $0.0273 and $0.0493, which gives a possible trading interval of +/-$0.0110 (+/-28.78%) up or down from last closing price. If Whole Earth Brands Inc takes out the full calculated possible swing range there will be an estimated 57.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0400 (4.44%) than the support at $0.0341 (10.97%), 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 Whole Earth Brands Inc stock A Buy?
Whole Earth Brands 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 Hold/Accumulate to a Strong Sell candidate.
Current score: -6.122 Strong Sell Candidate Downgraded
Predicted Opening Price for Whole Earth Brands Inc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0449 ( 17.15%) | $0.0383 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FREEW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0646 | 68.58% |
| R2 | 0.0570 | 48.93% |
| R1 | 0.0524 | 36.79% |
| Price | 0.0383 | |
| S1 | 0.0373 | -2.50% |
| S2 | 0.0327 | -14.64% |
| S3 | 0.0252 | -34.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0455 | 18.80% |
| R2 | 0.0452 | 18.02% |
| R1 | 0.0400 | 4.44% |
| Price | 0.0383 | |
| S1 | 0.0341 | -10.97% |
| S2 | 0.0322 | -15.93% |
| S3 | 0 | - |
FAQ
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