FusionBot USD Stock Forecast
Green day on Tuesday for FusionBot USD stock after gaining 1.33%
(Updated on Jun 25, 2024)
The FusionBot USD stock price gained 1.33% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.151 to $0.154. During the last trading day the stock fluctuated 1.84% from a day low at $0.151 to a day high of $0.154. The price has fallen in 4 of the last 10 days and is down by -3.23% for this period. Volume fell on the last day by -11 shares and in total, 76 shares were bought and sold for approximately $11.67 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.18% during the next 3 months and, with a 90% probability hold a price between $0.135 and $0.188 at the end of this 3-month period.
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FUSIONUSD Signals & Forecast
There are few to no technical positive signals at the moment. The FusionBot USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.157 and $0.157. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -14.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for FusionBot USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.143 and $0.140. 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, FusionBot USD finds support just below today's level at $0.143. If this is broken, then the next support from accumulated volume will be at $0.140 and $0.140.
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 $0.0028 between high and low, or 1.84%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUSIONUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect FusionBot USD to open at $0.153, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.158, which gives a possible trading interval of +/-$0.0044 (+/-2.88%) up or down from last closing price. If FusionBot USD takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.160 (4.52%) than the support at $0.143 (6.83%), 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 FusionBot USD stock A Buy?
The FusionBot USD stock holds several negative signals and despite the positive trend, we believe FusionBot USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.007 Sell Candidate Unchanged
Predicted Opening Price for FusionBot USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.153 ( 0.543%) | $0.154 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUSIONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.155 | 1.27% |
| R2 | 0.154 | 0.576% |
| R1 | 0.154 | 0.149% |
| Price | 0.154 | |
| S1 | 0.152 | -1.23% |
| S2 | 0.151 | -1.66% |
| S3 | 0.150 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.173 | 12.55% |
| R2 | 0.168 | 9.61% |
| R1 | 0.160 | 4.52% |
| Price | 0.154 | |
| S1 | 0.143 | -6.83% |
| S2 | 0.140 | -8.49% |
| S3 | 0.140 | -8.65% |
FAQ
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