Fuse Cobalt Inc. Stock Forecast

Fuse Cobalt Inc. stock price down 0% on Friday
(Updated on Jun 28, 2024)

FUSE.V Signals & Forecast

The Fuse Cobalt Inc. 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 $0.0500 and $0.0386. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 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. 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, May 31, 2024 with a target of $0.0200. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Fuse Cobalt 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.

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%

Our recommended stop-loss: $0.0468 (-6.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (FUSE.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Fuse Cobalt Inc. to open at $0.0500, and during the day (based on 14 day Average True Range), to move between $0.0471 and $0.0529, which gives a possible trading interval of +/-$0.0029 (+/-5.85%) up or down from last closing price. If Fuse Cobalt Inc. takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0550, some $0.0050 (10.00%) from the current price of $0.0500, our system finds the risk reward not very attractive.

Is Fuse Cobalt Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fuse Cobalt Inc. stock to perform well in the short-term.

Current score: 3.882 Buy Candidate Unchanged

Predicted Opening Price for Fuse Cobalt Inc. of Tuesday, July 2, 2024

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