9F Inc. Stock Forecast
9F Inc. stock price ended at $3.11 on Friday, after gaining 1.80%.
(Updated on May 03, 2024)
The 9F Inc. stock price gained 1.80% on the last trading day (Friday, 3rd May 2024), rising from $3.05 to $3.11. During the last trading day the stock fluctuated 3.79% from a day low at $3.01 to a day high of $3.12. The price has fallen in 6 of the last 10 days but is still up by 13.74% 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, 1 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $8.52 thousand.
The stock lies in the middle of a very 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 8.34% during the next 3 months and, with a 90% probability hold a price between $2.98 and $4.04 at the end of this 3-month period.
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JFU Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 9F Inc. 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 $3.20 and $3.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -10.78%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for 9F Inc. stock
9F Inc. finds support from accumulated volume at $3.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.114 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JFU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect 9F Inc. to open at $3.08, and during the day (based on 14 day Average True Range), to move between $2.82 and $3.39, which gives a possible trading interval of +/-$0.289 (+/-9.31%) up or down from last closing price. If 9F Inc. takes out the full calculated possible swing range there will be an estimated 18.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.11 (0.16%) than the support at $3.04 (2.09%), 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?
The 9F Inc. stock holds several negative signals and despite the positive trend, we believe 9F Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.494 Sell Candidate Unchanged
Predicted Opening Price for 9F Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.08 ( 0.82%) | $3.11 |
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 | 3.19 | 2.86 % | |
| R2 | 3.15 | 1.45 % | ||
| R1 | 3.12 | 0.587 % | ||
| Current price: | 3.11 | |||
| Support | S1 | 3.04 | -2.22 % | |
| S2 | 3.01 | -3.08 % | ||
| S3 | 2.97 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.50 | 12.72 % | |
| R2 | 3.47 | 11.76 % | ||
| R1 | 3.11 | 0.161 % | ||
| Current price | 3.11 | |||
| Support | S1 | 3.04 | -2.09% | |
| S2 | 2.96 | -4.67% | ||
| S3 | 2.52 | -18.84% |
FAQ
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