FansUnite Entertainment Inc. 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
Volatile ride for FansUnite Entertainment Inc. stock price on Thursday moving between $0.0251 and $0.0299
(Updated on May 02, 2024)
No changes to the price of FansUnite Entertainment Inc. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 19.12% from a day low at $0.0251 to a day high of $0.0299. The price has risen in 5 of the last 10 days but is still down by -3.46% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0250 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.59% during the next 3 months and, with a 90% probability hold a price between $0.0219 and $0.0270 at the end of this 3-month period.
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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
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0267 ( 6.37%) | $0.0251 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUNFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0315 | 25.50 % | |
| R2 | 0.0297 | 18.19 % | ||
| R1 | 0.0285 | 13.68 % | ||
| Current price: | 0.0251 | |||
| Support | S1 | 0.0249 | -0.93 % | |
| S2 | 0.0237 | -5.44 % | ||
| S3 | 0.0219 | -12.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0300 | 19.52 % | |
| R2 | 0.0280 | 11.55 % | ||
| R1 | 0.0260 | 3.59 % | ||
| Current price | 0.0251 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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