Firan Technology Group Corporation 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
Firan Technology Group Corporation stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Firan Technology Group Corporation stock price gained 1.76% on the last trading day (Tuesday, 2nd Jul 2024), rising from $5.68 to $5.78. During the last trading day the stock fluctuated 3.35% from a day low at $5.68 to a day high of $5.87. The price has risen in 7 of the last 10 days and is up by 10.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $248.60 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $5.93 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Firan Technology Group Corporation stock with a 90% probability to be traded between $5.05 and $6.00 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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FTG.TO Signals & Forecast
Mostly positive signals in the chart today. The Firan Technology Group Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.61 and $5.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 17.00%. 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). Firan Technology Group Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Firan Technology Group Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.44 and $5.40. 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, Firan Technology Group Corporation finds support just below today's level at $5.44. If this is broken, then the next support from accumulated volume will be at $5.40 and $5.25.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 3.35%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: $5.57 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 64 days ago.)
Trading Expectations (FTG.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Firan Technology Group Corporation to open at $5.78, and during the day (based on 14 day Average True Range), to move between $5.65 and $5.91, which gives a possible trading interval of +/-$0.134 (+/-2.31%) up or down from last closing price. If Firan Technology Group Corporation takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.79 (0.17%) than the support at $5.44 (5.88%), 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.
Earnings coming up
Firan Technology Group Corporation will release earnings BMO on Wednesday, July 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0900. We will update the financials statements for Firan Technology Group Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.60% in the first trading day after earnings release.
Is Firan Technology Group Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Firan Technology Group Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.737 Buy Candidate Upgraded
Predicted Opening Price for Firan Technology Group Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.78 ( 0.0577%) | $5.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTG.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.97 | 3.23% |
| R2 | 5.89 | 1.97% |
| R1 | 5.85 | 1.20% |
| Price | 5.78 | |
| S1 | 5.70 | -1.31% |
| S2 | 5.66 | -2.09% |
| S3 | 5.59 | -3.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 5.86 | 1.38% |
| R1 | 5.79 | 0.173% |
| Price | 5.78 | |
| S1 | 5.44 | -5.88% |
| S2 | 5.40 | -6.57% |
| S3 | 5.25 | -9.17% |
FAQ
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