Finxflo USD Stock Forecast
Finxflo USD stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Finxflo USD stock price fell by -1.48% on the last day (Friday, 28th Jun 2024) from $0.0014 to $0.0013. During the last trading day the stock fluctuated 4.74% from a day low at $0.0013 to a day high of $0.0014. The price has fallen in 7 of the last 10 days but is still up by 3.1% over the past 2 weeks. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $22.10 .
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 $0.0013 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
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.81%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Finxflo USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0014. On a fall, the stock will find some support from the short-term average at $0.0013. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Finxflo USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.000063 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 8.97%.
Our recommended stop-loss: $0.0013 (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (FXFUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Finxflo USD to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0001 (+/-9.55%) up or down from last closing price. If Finxflo USD takes out the full calculated possible swing range there will be an estimated 19.10% 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 (0.08%) than the support at $0.0013 (0.83%), 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 Finxflo USD stock A Buy?
Finxflo USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.577 Hold/Accumulate Upgraded
Predicted Opening Price for Finxflo USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0014 ( 1.58%) | $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 | 6.32% |
| R2 | 0.0014 | 4.51% |
| R1 | 0.0014 | 3.39% |
| Price | 0.0013 | |
| S1 | 0.0013 | -0.231% |
| S2 | 0.0013 | -1.35% |
| S3 | 0.0013 | -3.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 5.34% |
| R2 | 0.0013 | 0.226% |
| R1 | 0.0013 | 0.0752% |
| Price | 0.0013 | |
| S1 | 0.0013 | -0.83% |
| S2 | 0.0013 | -2.41% |
| S3 | 0.0013 | -3.91% |
FAQ
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