9F Inc. Stock Forecast
Big movements in 9F Inc. stock price on Tuesday moving 14.52% between high and low
(Updated on Apr 23, 2024)
The 9F Inc. stock price gained 28.04% on the last trading day (Tuesday, 23rd Apr 2024), rising from $2.71 to $3.47. During the last trading day the stock fluctuated 14.52% from a day low at $3.03 to a day high of $3.47. The price has fallen in 6 of the last 10 days but is still up by 11.22% 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, 41 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $148.29 thousand.
The stock lies in the middle of a very wide and strong 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 25.67% during the next 3 months and, with a 90% probability hold a price between $3.42 and $4.83 at the end of this 3-month period.
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JFU Signals & Forecast
The 9F Inc. 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 $2.96 and $3.32. A breakdown below any of these levels will issue sell signals. 9F Inc. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -3.61%. 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).
Support, Risk & Stop-loss for 9F Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.11 and $3.04. 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, 9F Inc. finds support just below today's level at $3.11. If this is broken, then the next support from accumulated volume will be at $3.04 and $2.96.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.440 between high and low, or 14.52%. For the last week, the stock has had daily average volatility of 14.72%.
Our recommended stop-loss: $3.33 (-4.11%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (JFU) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect 9F Inc. to open at $3.32, and during the day (based on 14 day Average True Range), to move between $3.15 and $3.79, which gives a possible trading interval of +/-$0.318 (+/-9.16%) up or down from last closing price. If 9F Inc. takes out the full calculated possible swing range there will be an estimated 18.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.50 (0.86%) than the support at $3.11 (10.37%), 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 9F Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 9F Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.854 Buy Candidate Upgraded
Predicted Opening Price for 9F Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $3.32 ( 4.23%) | $3.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JFU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.76 | 8.45 % | |
| R2 | 3.60 | 3.61 % | ||
| R1 | 3.49 | 0.617 % | ||
| Current price: | 3.47 | |||
| Support | S1 | 3.16 | -9.07 % | |
| S2 | 3.05 | -12.06 % | ||
| S3 | 2.88 | -16.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.60 | 3.75 % | |
| R2 | 3.51 | 1.12 % | ||
| R1 | 3.50 | 0.86 % | ||
| Current price | 3.47 | |||
| Support | S1 | 3.11 | -10.37% | |
| S2 | 3.04 | -12.39% | ||
| S3 | 2.96 | -14.70% |
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