FuelPositive Corporation Stock Forecast
Volatile ride for FuelPositive Corporation stock price on Friday moving between $0.0340 and $0.0429
(Updated on Jun 21, 2024)
The FuelPositive Corporation stock price fell by -5.37% on the last day (Friday, 21st Jun 2024) from $0.0391 to $0.0370. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 26.18% from a day low at $0.0340 to a day high of $0.0429. The price has fallen in 8 of the last 10 days and is down by -26% for this period. Volume has increased on the last day by 1 million 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, 1 million shares were bought and sold for approximately $44.63 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0341 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.44% during the next 3 months and, with a 90% probability hold a price between $0.0288 and $0.0428 at the end of this 3-month period.
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NHHHF Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.0443 and $0.0497. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -38.02%. 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). 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0089 between high and low, or 26.18%. For the last week, the stock has had daily average volatility of 10.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NHHHF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect FuelPositive Corporation to open at $0.0380, and during the day (based on 14 day Average True Range), to move between $0.0317 and $0.0423, which gives a possible trading interval of +/-$0.0053 (+/-14.42%) up or down from last closing price. If FuelPositive Corporation takes out the full calculated possible swing range there will be an estimated 28.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0430, some $0.0060 (16.22%) from the current price of $0.0370, our system finds the risk reward not very attractive.
Is FuelPositive Corporation stock A Buy?
FuelPositive Corporation 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.
Current score: -7.331 Strong Sell Candidate Unchanged
Predicted Opening Price for FuelPositive Corporation of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$0.0380 ( 2.61%) | $0.0370 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHHHF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0469 | 26.67% |
R2 | 0.0435 | 17.48% |
R1 | 0.0414 | 11.80% |
Price | 0.0370 | |
S1 | 0.0346 | -6.58% |
S2 | 0.0325 | -12.25% |
S3 | 0.0291 | -21.44% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0440 | 18.92% |
R2 | 0.0433 | 17.03% |
R1 | 0.0430 | 16.22% |
Price | 0.0370 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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