EbisusBay Fortune USD Stock Forecast
Red day on Friday for EbisusBay Fortune USD
(Updated on Jun 28, 2024)
The EbisusBay Fortune USD stock price fell by -0.513% on the last day (Friday, 28th Jun 2024) from $0.0144 to $0.0144. During the last trading day the stock fluctuated 0.94% from a day low at $0.0144 to a day high of $0.0145. The price has been going up and down for this period, and there has been a -2.02% loss for the last 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 -90 shares and in total, 657 shares were bought and sold for approximately $9.43 .
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 -48.50% during the next 3 months and, with a 90% probability hold a price between $0.0063 and $0.0113 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.
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FRTNUSD Signals & Forecast
There are mixed signals in the stock today. The EbisusBay Fortune USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0146 and $0.0172. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.406%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for EbisusBay Fortune USD stock
EbisusBay Fortune USD finds support from accumulated volume at $0.0143 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 $0.0001 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRTNUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect EbisusBay Fortune USD to open at $0.0144, and during the day (based on 14 day Average True Range), to move between $0.0135 and $0.0152, which gives a possible trading interval of +/-$0.0008 (+/-5.77%) up or down from last closing price. If EbisusBay Fortune USD takes out the full calculated possible swing range there will be an estimated 11.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0143 (0.30%) than the resistance at $0.0145 (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EbisusBay Fortune USD stock A Buy?
EbisusBay Fortune USD 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: -2.839 Sell Candidate Unchanged
Predicted Opening Price for EbisusBay Fortune USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0144 ( 0.286%) | $0.0144 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRTNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0145 | 1.23% |
| R2 | 0.0145 | 0.87% |
| R1 | 0.0145 | 0.645% |
| Price | 0.0144 | |
| S1 | 0.0143 | -0.0736% |
| S2 | 0.0143 | -0.295% |
| S3 | 0.0143 | -0.655% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0161 | 12.45% |
| R2 | 0.0148 | 2.88% |
| R1 | 0.0145 | 1.07% |
| Price | 0.0144 | |
| S1 | 0.0143 | -0.299% |
| S2 | 0.0143 | -0.404% |
| S3 | 0 | - |
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