Finxflo USD Stock Forecast
Evaluation of Finxflo USD stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Finxflo USD stock price fell by -2.08% on the last day (Tuesday, 25th Jun 2024) from $0.0013 to $0.0013. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.90% from a day low at $0.0013 to a day high of $0.0013. The price has fallen in 8 of the last 10 days and is down by -5.92% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 13 thousand shares were bought and sold for approximately $16.57 .
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0012 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Finxflo USD stock with a 90% probability to be traded between $0.0013 and $0.0020 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FXFUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Finxflo USD 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 $0.0013 and $0.0014. 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 21, 2024, and so far it has fallen -33.87%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Finxflo USD stock
Finxflo USD finds support from accumulated volume at $0.0013 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 $0.000075 between high and low, or 5.90%. For the last week the stock has had daily average volatility of 8.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FXFUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Finxflo USD to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0014, which gives a possible trading interval of +/-$0.0001 (+/-11.36%) up or down from last closing price. If Finxflo USD takes out the full calculated possible swing range there will be an estimated 22.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0013 (0.55%) than the support at $0.0013 (0.79%), 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 Finxflo USD stock A Buy?
Finxflo USD holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.208 Sell Candidate Downgraded
Predicted Opening Price for Finxflo USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0013 ( 1.97%) | $0.0013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXFUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 7.87% |
| R2 | 0.0013 | 5.61% |
| R1 | 0.0013 | 4.22% |
| Price | 0.0013 | |
| S1 | 0.0013 | -0.287% |
| S2 | 0.0012 | -1.68% |
| S3 | 0.0012 | -3.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0013 | 4.88% |
| R2 | 0.0013 | 4.72% |
| R1 | 0.0013 | 0.551% |
| Price | 0.0013 | |
| S1 | 0.0013 | -0.787% |
| S2 | 0.0012 | -3.15% |
| S3 | 0.0012 | -3.46% |
FAQ
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