Five Below Stock Forecast
Red day on Monday for Five Below
(Updated on Apr 22, 2024)
The Five Below stock price fell by -1.12% on the last day (Monday, 22nd Apr 2024) from $150.29 to $148.61. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.47% from a day low at $146.93 to a day high of $150.56. The price has fallen in 7 of the last 10 days and is down by -7.31% for this period. Volume has increased on the last day by 201 thousand 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 $157.50 million.
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 $147.21 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.28% during the next 3 months and, with a 90% probability hold a price between $126.18 and $166.88 at the end of this 3-month period.
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FIVE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Five Below 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 $151.80 and $179.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -29.01%. Further fall is indicated 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.
Support, Risk & Stop-loss for Five Below 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 $3.63 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 2.42%.
Five Below is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FIVE) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Five Below to open at $148.70, and during the day (based on 14 day Average True Range), to move between $143.36 and $153.86, which gives a possible trading interval of +/-$5.25 (+/-3.53%) up or down from last closing price. If Five Below takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $163.99, some $15.38 (10.35%) from the current price of $148.61, our system finds the risk reward not very attractive.
Is Five Below stock A Buy?
Five Below 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: -4.332 Sell Candidate Unchanged
Predicted Opening Price for Five Below of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $148.70 ( 0.0606%) | $148.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIVE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.33 | 2.50 % | |
| R2 | 150.94 | 1.57 % | ||
| R1 | 150.09 | 0.99 % | ||
| Current price: | 148.61 | |||
| Support | S1 | 147.31 | -0.87 % | |
| S2 | 146.46 | -1.45 % | ||
| S3 | 145.07 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 176.79 | 18.96 % | |
| R2 | 170.99 | 15.06 % | ||
| R1 | 163.99 | 10.35 % | ||
| Current price | 148.61 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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