FuelPositive Corporation Stock Forecast

High volatility in FuelPositive Corporation stock price on Friday which ended trading at $0.0650
(Updated on May 17, 2024)

NHHH.V Signals & Forecast

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 FuelPositive Corporation 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 $0.0707 and $0.0720. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -18.75%. Further fall is indicated until a new bottom pivot has been found. FuelPositive Corporation 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 FuelPositive Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0600 and $0.0500. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0500 may give a huge drop in the stock price.

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 $0.0100 between high and low, or 15.38%. For the last week, the stock has had daily average volatility of 9.01%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NHHH.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect FuelPositive Corporation to open at $0.0683, and during the day (based on 14 day Average True Range), to move between $0.0588 and $0.0712, which gives a possible trading interval of +/-$0.0062 (+/-9.61%) up or down from last closing price. If FuelPositive Corporation takes out the full calculated possible swing range there will be an estimated 19.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0700 (7.69%) than the support at $0.0600 (7.69%), 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 FuelPositive Corporation stock A Buy?

The FuelPositive Corporation stock holds several negative signals and despite the positive trend, we believe FuelPositive Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.531 Sell Candidate Unchanged

Predicted Opening Price for FuelPositive Corporation of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.