Fluent Inc. Stock Forecast
High volatility in Fluent Inc. stock price on Friday which ended trading at $2.64
(Updated on Apr 19, 2024)
The Fluent Inc. stock price gained 4.35% on the last trading day (Friday, 19th Apr 2024), rising from $2.53 to $2.64. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 10.22% from a day low at $2.57 to a day high of $2.83. The price has fallen in 6 of the last 10 days but is still up by 415.52% over the past 2 weeks. Volume fell on the last day by -30 thousand shares and in total, 17 thousand shares were bought and sold for approximately $45.37 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.87 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 50.27% during the next 3 months and, with a 90% probability hold a price between $0.88 and $4.31 at the end of this 3-month period.
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FLNT Signals & Forecast
The Fluent Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.26 and $0.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -5.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fluent Inc. stock
Fluent Inc. finds support from accumulated volume at $2.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.263 between high and low, or 10.22%. For the last week the stock has had daily average volatility of 10.83%.
The Fluent Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $2.52 (-4.41%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (FLNT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Fluent Inc. to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.38 and $2.90, which gives a possible trading interval of +/-$0.260 (+/-9.83%) up or down from last closing price. If Fluent Inc. takes out the full calculated possible swing range there will be an estimated 19.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.53 (4.17%) than the resistance at $2.79 (5.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fluent Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fluent Inc. stock to perform well in the short-term.
Current score: 2.731 Buy Candidate Unchanged
Predicted Opening Price for Fluent Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.68 ( 1.55%) | $2.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.94 | 11.49 % | |
| R2 | 2.84 | 7.70 % | ||
| R1 | 2.78 | 5.35 % | ||
| Current price: | 2.64 | |||
| Support | S1 | 2.58 | -2.25 % | |
| S2 | 2.52 | -4.60 % | ||
| S3 | 2.42 | -8.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.79 | 5.68 % | ||
| Current price | 2.64 | |||
| Support | S1 | 2.53 | -4.17% | |
| S2 | 2.42 | -8.33% | ||
| S3 | 2.37 | -10.23% |
FAQ
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