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RSI low/high Values: [ 20 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of THQQF
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Red day on Friday for Embracer Group AB
(Updated on Jun 14, 2024)

Hold candidate since May 30, 2024 Loss -2.76% PDF

No changes to the price of Embracer Group AB stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $2.47 to a day high of $2.47. The price has been going up and down for this period, and there has been a -2.76% loss for the last 2 weeks.

The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $2.57. A reaction back to this level may hold a second chance to get out before further falls.

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THQQF Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Embracer Group AB 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 $2.47 and $2.58. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Embracer Group AB stock

Embracer Group AB finds support from accumulated volume at $2.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $2.32 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (THQQF) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Embracer Group AB to open at $2.47, and during the day (based on 14 day Average True Range), to move between $2.45 and $2.49, which gives a possible trading interval of +/-$0.0222 (+/-0.90%) up or down from last closing price. If Embracer Group AB takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.50 (1.21%) than the support at $2.36 (4.45%), 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 Embracer Group AB stock A Buy?

Embracer Group AB holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Embracer Group AB of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$2.47 ( 0%) $2.47

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

Trading levels for THQQF

Fibonacci Support & Resistance Levels

Level Price
R3 2.47 -
R2 2.47 -
R1 2.47 -
Price 2.47
S1 2.47 -
S2 2.47 -
S3 2.47 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 2.80 13.36%
R2 2.52 2.02%
R1 2.50 1.21%
Price 2.47
S1 2.36 -4.45%
S2 2.33 -5.67%
S3 2.31 -6.48%

FAQ

What is the symbol for Embracer Group AB Stock and on which exchange is it traded?
The symbol for Embracer Group AB is THQQF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Embracer Group AB Stock?
Embracer Group AB holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Embracer Group AB Stock?
Embracer Group AB Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Embracer Group AB Stock.

What's the current price of Embracer Group AB Stock?
As of the end of day on the Jun 14, 2024, the price of an Embracer Group AB (THQQF) share was $2.47.

What is the 52-week high and low for Embracer Group AB Stock?
The 52-week high for Embracer Group AB Stock is $2.94 and the 52-week low is $1.44.

What is the market capitalization of Embracer Group AB Stock?
As of the Jun 14, 2024, the market capitalization of Embracer Group AB is 3.6B.

When is the next earnings date for Embracer Group AB?
The upcoming earnings date for Embracer Group AB is Aug 15, 2024.
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About Embracer Group AB

Embracer Group AB Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide. The company has a catalogue of approximately 850 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency, World War Z, and Borderlands, and others. It also publishes films and comics. ... THQQF Profile

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