Fireweed Metals Corp. Stock Forecast
Fireweed Metals Corp. stock price ended at $1.16 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Fireweed Metals Corp. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 3.48% from a day low at $1.15 to a day high of $1.19. The price has fallen in 5 of the last 10 days and is down by -4.13% for this period.
The stock lies in the middle of a 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 4.92% during the next 3 months and, with a 90% probability hold a price between $1.13 and $1.34 at the end of this 3-month period.
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FWZ.V Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 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 Fireweed Metals Corp. 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 $1.18 and $1.18. 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".
A sell signal from a double top formation was found on Monday, April 15, 2024 and based on theory for this formation the price should fall by -2.87% to $1.13 within 6 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for Fireweed Metals Corp. stock
Fireweed Metals Corp. finds support from accumulated volume at $1.15 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0400 between high and low, or 3.48%. For the last week the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FWZ.V) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Fireweed Metals Corp. to open at $1.17, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.21, which gives a possible trading interval of +/-$0.0463 (+/-3.99%) up or down from last closing price. If Fireweed Metals Corp. takes out the full calculated possible swing range there will be an estimated 7.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.15 (0.86%) than the resistance at $1.21 (4.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fireweed Metals Corp. stock A Buy?
The Fireweed Metals Corp. stock holds several negative signals and despite the positive trend, we believe Fireweed Metals Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.148 Sell Candidate Unchanged
Predicted Opening Price for Fireweed Metals Corp. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $1.17 ( 0.575%) | $1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FWZ.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.21 | 4.02% |
| R2 | 1.19 | 2.71% |
| R1 | 1.18 | 1.89% |
| Price | 1.16 | |
| S1 | 1.15 | -0.743% |
| S2 | 1.14 | -1.56% |
| S3 | 1.13 | -2.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.25 | 7.76% |
| R2 | 1.23 | 6.03% |
| R1 | 1.21 | 4.31% |
| Price | 1.16 | |
| S1 | 1.15 | -0.86% |
| S2 | 1.14 | -1.72% |
| S3 | 1.13 | -2.59% |
FAQ
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