Fiscalnote Holdings, Inc. Stock Forecast
Fiscalnote Holdings, Inc. stock price ended at $0.175 on Friday, after gaining 0.0571%.
(Updated on Jun 28, 2024)
The Fiscalnote Holdings, Inc. stock price gained 0.0571% on the last trading day (Friday, 28th Jun 2024), rising from $0.175 to $0.175. During the last trading day the stock fluctuated 9.94% from a day low at $0.175 to a day high of $0.193. The price has fallen in 5 of the last 10 days and is down by -9.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 220 more shares were traded than the day before. In total, 820 shares were bought and sold for approximately $143.58 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.69% during the next 3 months and, with a 90% probability hold a price between $0.120 and $0.169 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NOTE-WT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.47%. Further rise is indicated until a new top pivot has been found. Fiscalnote Holdings, 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 Fiscalnote Holdings, 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 $0.177 and $0.200. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fiscalnote Holdings, Inc. stock
Fiscalnote Holdings, Inc. finds support from accumulated volume at $0.175 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0174 between high and low, or 9.94%. For the last week, the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NOTE-WT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fiscalnote Holdings, Inc. to open at $0.181, and during the day (based on 14 day Average True Range), to move between $0.160 and $0.191, which gives a possible trading interval of +/-$0.0155 (+/-8.86%) up or down from last closing price. If Fiscalnote Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 17.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.175 (0.06%) than the resistance at $0.190 (8.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fiscalnote Holdings, Inc. stock A Buy?
Fiscalnote Holdings, Inc. 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: -2.826 Sell Candidate Unchanged
Predicted Opening Price for Fiscalnote Holdings, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.181 ( 3.31%) | $0.175 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOTE-WT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.198 | 13.25% |
| R2 | 0.192 | 9.45% |
| R1 | 0.188 | 7.11% |
| Price | 0.175 | |
| S1 | 0.174 | -0.484% |
| S2 | 0.170 | -2.83% |
| S3 | 0.164 | -6.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.200 | 14.22% |
| R2 | 0.200 | 14.11% |
| R1 | 0.190 | 8.51% |
| Price | 0.175 | |
| S1 | 0.175 | -0.0571% |
| S2 | 0.168 | -4.28% |
| S3 | 0 | - |
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