Alien Milady Fumo USD Stock Forecast

Red day on Tuesday for Alien Milady Fumo USD
(Updated on Jun 25, 2024)

FUMOUSD Signals & Forecast

The Alien Milady Fumo USD 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 $9,527.29 and $4,011.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Saturday, June 15, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Saturday, April 20, 2024 and based on theory for this formation the price should fall by -40.91% to $5,629.44 within 16 trading days since signal was issued (Monday, May 06, 2024).

Support, Risk & Stop-loss for Alien Milady Fumo USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $8,002.82 and $7,502.63. 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, Alien Milady Fumo USD finds support just below today's level at $8,002.82. If this is broken, then the next support from accumulated volume will be at $7,502.63 and $7,502.46.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

The Alien Milady Fumo USD stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $9,020.44 (-5.32%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (FUMOUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Alien Milady Fumo USD to open at $9,527.29, and during the day (based on 14 day Average True Range), to move between $9,001.37 and $10,053.21, which gives a possible trading interval of +/-$525.92 (+/-5.52%) up or down from last closing price. If Alien Milady Fumo USD takes out the full calculated possible swing range there will be an estimated 11.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10,003.44 (5.00%) than the support at $8,002.82 (16.00%), 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 Alien Milady Fumo USD stock A Buy?

Alien Milady Fumo USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Alien Milady Fumo USD of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.