FutureFuel Corp Forecast and Stock Analysis
Technical FF stock analysis for March 15, 2019.
|Shorts||3.14% ( 2019-02-28 )|
FutureFuel Corp fell by -0.61% in the last day from $17.96 to $17.85 The price has fallen in 6 of the last 10 days and is down by -3.77% for this period. Volume has increased in the last day by 148 879 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 289 753 shares bought and sold for approximately $5.17 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the FF stock was $17.85. This is 0.61% less than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.07% from a day low at $17.72 to a day high of $18.09.
30 day high of the FF stock price was $19.31 and low was $17.51.
90 day high was $19.31 and low was $14.94.
52 week high for the FutureFuel Corp - $19.31 and low - $11.32.
FutureFuel Corp lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $17.73 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.78% during the next 3 months and, with 90% probability hold a price between $21.24 and $23.98 at the end of this period.
There are few to none technical positive signals at the moment. FutureFuel Corp holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $18.11. On a fall, the stock will find some support from the short-term average at $17.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $16.63 and $15.56.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FutureFuel Corp finds support just below today's level at $16.63. If this is broken, then the next support from accumulated volume will be at $15.56 and $15.20.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.37 (2.07%) between high and low. For the last week, the stock has had a daily average volatility of 1.94%.
FutureFuel Corp is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The FutureFuel Corp stock holds several negative signals and despite the positive trend we believe FutureFuel Corp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.