FansUnite Entertainment Inc. Stock Forecast

Volatile ride for FansUnite Entertainment Inc. stock price on Thursday moving between $0.0251 and $0.0299
(Updated on May 02, 2024)

FUNFF Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has fallen 0%. 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 FansUnite Entertainment Inc. 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 $0.0270 and $0.0290. A break-up above any of these levels will issue buy signals. 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 FansUnite Entertainment Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0048 between high and low, or 19.12%. For the last week the stock has had daily average volatility of 17.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FUNFF) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect FansUnite Entertainment Inc. to open at $0.0267, and during the day (based on 14 day Average True Range), to move between $0.0220 and $0.0282, which gives a possible trading interval of +/-$0.0031 (+/-12.55%) up or down from last closing price. If FansUnite Entertainment Inc. takes out the full calculated possible swing range there will be an estimated 25.09% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0260, some $0.0009 (3.59%) from the current price of $0.0251, our system finds the risk reward not very attractive.

Is FansUnite Entertainment Inc. stock A Buy?

FansUnite Entertainment Inc. holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.144 Sell Candidate Upgraded

Predicted Opening Price for FansUnite Entertainment Inc. of Friday, May 3, 2024

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