RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FRMO
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Frmo Corp stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 0.53% PDF

The Frmo Corp stock price gained 4.97% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.24 to $7.60. During the last trading day the stock fluctuated 6.89% from a day low at $7.11 to a day high of $7.60. The price has been going up and down for this period, and there has been a 2.7% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $112.88 thousand.

The stock lies in the upper part of a wide and weak 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 $7.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with a 90% probability hold a price between $7.04 and $8.11 at the end of this 3-month period.

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FRMO Signals & Forecast

The Frmo Corp 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 $7.39 and $7.29. A breakdown below any of these levels will issue sell signals. Frmo Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, March 06, 2024, and so far it has fallen -0.654%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Frmo Corp stock

Frmo Corp finds support from accumulated volume at $7.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.490 (6.89%) between high and low. For the last week, the stock has had daily average volatility of 4.96%.

Our recommended stop-loss: $7.30 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (FRMO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Frmo Corp to open at $7.44, and during the day (based on 14 day Average True Range), to move between $7.22 and $7.98, which gives a possible trading interval of +/-$0.376 (+/-4.95%) up or down from last closing price. If Frmo Corp takes out the full calculated possible swing range there will be an estimated 9.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.65 (0.66%) than the support at $7.40 (2.63%), 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 Frmo Corp 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 Frmo Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.757 Buy Candidate Upgraded

Predicted Opening Price for Frmo Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$7.44 ( 2.15%) $7.60

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

Trading levels for FRMO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.93 4.30 %
R2 7.74 1.84 %
R1 7.62 0.314 %
Current price: 7.60
Support S1 7.25 -4.61 %
S2 7.13 -6.13 %
S3 6.95 -8.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 7.65 0.658 %
Current price 7.60
Support S1 7.40 -2.63%
S2 7.25 -4.61%
S3 6.60 -13.16%

FAQ

What is the symbol for Frmo Corp Stock and on which exchange is it traded?
The symbol for Frmo Corp is FRMO and it is traded on the PINK (Pink Sheets).

Should I buy or sell Frmo Corp Stock?
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 Frmo Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Frmo Corp Stock?
As of the end of day on the 2024-03-27, the price of an Frmo Corp (FRMO) share was $7.60.

What is the 52-week high and low for Frmo Corp Stock?
The 52-week high for Frmo Corp Stock is $8.98 and the 52-week low is $6.28.

What is the market capitalization of Frmo Corp Stock?
As of the 2024-03-27, the market capitalization of Frmo Corp is 318.221M.

When is the next earnings date for Frmo Corp?
The upcoming earnings date for Frmo Corp is Apr 11, 2024.
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About Frmo Corp

FRMO Corporation, through its 4.95% interest in Horizon Kinetics, LLC, operates as an investment advisory and independent research company. It provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. The company was incorporated in 1993 and is based in White Plains, New York.... FRMO Profile

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