Function(x) Inc Fund Forecast
Function(x) Inc fund upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Dec 31, 2018)
No changes to the price of Function(x) Inc fund on the last trading day (Monday, 31st Dec 2018). During the last trading day the fund fluctuated 0% from a day low at $0.0090 to a day high of $0.0090. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $0.0054 and $0.0124 at the end of this 3-month period.
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FNCX Signals & Forecast
The Function(x) Inc fund 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 $0.0090 and $0.0089. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, November 23, 2018, 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. 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 Function(x) Inc fund
On the downside, the fund finds support just below today's level from accumulated volume at $0.0081 and $0.0080. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Function(x) Inc finds support just below today's level at $0.0081. If this is broken, then the next support from accumulated volume will be at $0.0080 and $0.0075.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $0.0085 (-6.00%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FNCX) For The Upcoming Trading Day Of Wednesday 2nd
For the upcoming trading day on Wednesday, 2nd we expect Function(x) Inc to open at $0.0090, and during the day (based on 14 day Average True Range), to move between $0.0084 and $0.0096, which gives a possible trading interval of +/-$0.0006 (+/-6.49%) up or down from last closing price. If Function(x) Inc takes out the full calculated possible swing range there will be an estimated 12.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0081 (10.00%) than the resistance at $0.0100 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Function(x) Inc fund 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 Function(x) Inc fund to perform well in the short-term. We have upgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.719 Buy Candidate Upgraded
Predicted Opening Price for Function(x) Inc of Wednesday, January 2, 2019
Fair opening price January 2, 2019 | Current price |
---|---|
$0.0090 ( 0%) | $0.0090 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNCX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0090 | . | |
R2 | 0.0090 | . | ||
R1 | 0.0090 | . | ||
Current price: | 0.0090 | |||
Support | S1 | 0.0090 | . | |
S2 | 0.0090 | . | ||
S3 | 0.0090 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0110 | 22.22 % | |
R2 | 0.0105 | 16.67 % | ||
R1 | 0.0100 | 11.11 % | ||
Current price | 0.0090 | |||
Support | S1 | 0.0081 | -10.00% | |
S2 | 0.0080 | -11.11% | ||
S3 | 0.0075 | -16.67% |
FAQ
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