Foresight Autonomous Holdings Ltd. Stock Forecast
Red day on Thursday for Foresight Autonomous Holdings Ltd. stock after losing 0%
(Updated on Apr 25, 2024)
No changes to the price of Foresight Autonomous Holdings Ltd. stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 3.10% from a day low at $1.07 to a day high of $1.10. The price has been going up and down for this period, and there has been a -4.42% loss for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Foresight Autonomous Holdings Ltd. stock with a 90% probability to be traded between $0.95 and $1.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FRSX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.93%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Foresight Autonomous Holdings Ltd. 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 $1.09. On a fall, the stock will find some support from the short-term average at $1.06. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Foresight Autonomous Holdings Ltd. stock
Foresight Autonomous Holdings Ltd. finds support from accumulated volume at $1.07 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 $0.0331 between high and low, or 3.10%. For the last week the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRSX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Foresight Autonomous Holdings Ltd. to open at $1.08, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.16, which gives a possible trading interval of +/-$0.0792 (+/-7.34%) up or down from last closing price. If Foresight Autonomous Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 14.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.07 (0.93%) than the resistance at $1.17 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Foresight Autonomous Holdings Ltd. stock A Buy?
Foresight Autonomous Holdings Ltd. 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: -1.581 Sell Candidate Unchanged
Predicted Opening Price for Foresight Autonomous Holdings Ltd. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$1.08 ( 0.213%) | $1.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRSX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.12 | 3.28 % | |
R2 | 1.10 | 2.11 % | ||
R1 | 1.09 | 1.38 % | ||
Current price: | 1.08 | |||
Support | S1 | 1.07 | -0.96 % | |
S2 | 1.06 | -1.68 % | ||
S3 | 1.05 | -2.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.21 | 12.04 % | |
R2 | 1.20 | 11.11 % | ||
R1 | 1.17 | 8.33 % | ||
Current price | 1.08 | |||
Support | S1 | 1.07 | -0.93% | |
S2 | 1.05 | -2.78% | ||
S3 | 1.04 | -3.70% |
FAQ
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