FuelPositive Corporation Stock Forecast

Red day on Thursday for FuelPositive Corporation
(Updated on Jun 27, 2024)

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 $0.0385 and $0.0480. 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 15, 2024, and so far it has fallen -40.17%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0032 between high and low, or 9.41%. For the last week the stock has had daily average volatility of 12.82%.

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 Friday 28th

For the upcoming trading day on Friday, 28th we expect FuelPositive Corporation to open at $0.0354, and during the day (based on 14 day Average True Range), to move between $0.0300 and $0.0400, which gives a possible trading interval of +/-$0.0050 (+/-14.32%) up or down from last closing price. If FuelPositive Corporation takes out the full calculated possible swing range there will be an estimated 28.63% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0365, some $0.0015 (4.29%) from the current price of $0.0350, 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: -6.691 Strong Sell Candidate Unchanged

Predicted Opening Price for FuelPositive Corporation of Friday, June 28, 2024

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