Fission 3.0 Corp. Stock Forecast
Fission 3.0 Corp. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Fission 3.0 Corp. stock price gained 3.85% on the last trading day (Friday, 17th May 2024), rising from $0.390 to $0.405. During the last trading day the stock fluctuated 3.85% from a day low at $0.390 to a day high of $0.405. The price has risen in 6 of the last 10 days and is up by 9.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 919 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $485.79 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.46% during the next 3 months and, with a 90% probability hold a price between $0.328 and $0.391 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FUU.V Signals & Forecast
Mostly positive signals in the chart today. The Fission 3.0 Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.391 and $0.403. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 9.46%. 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). Fission 3.0 Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Fission 3.0 Corp. stock
Fission 3.0 Corp. finds support from accumulated volume at $0.390 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0150 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: $0.386 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FUU.V) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Fission 3.0 Corp. to open at $0.400, and during the day (based on 14 day Average True Range), to move between $0.384 and $0.426, which gives a possible trading interval of +/-$0.0208 (+/-5.13%) up or down from last closing price. If Fission 3.0 Corp. takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.415 (2.47%) than the support at $0.390 (3.70%), 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.
Earnings coming up
Fission 3.0 Corp. will release earnings BMO on Monday, May 27, 2024. We will update the financials statements for Fission 3.0 Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.72% in the first trading day after earnings release.
Is Fission 3.0 Corp. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.534 Buy Candidate Upgraded
Predicted Opening Price for Fission 3.0 Corp. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.400 ( 1.23%) | $0.405 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUU.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.415 | 2.47 % | |
| R2 | 0.409 | 1.05 % | ||
| R1 | 0.406 | 0.180 % | ||
| Current price: | 0.405 | |||
| Support | S1 | 0.394 | -2.65 % | |
| S2 | 0.391 | -3.52 % | ||
| S3 | 0.385 | -4.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.435 | 7.41 % | |
| R2 | 0.430 | 6.17 % | ||
| R1 | 0.415 | 2.47 % | ||
| Current price | 0.405 | |||
| Support | S1 | 0.390 | -3.70% | |
| S2 | 0.380 | -6.17% | ||
| S3 | 0.375 | -7.41% |
FAQ
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