FSNN - Fusion Telecommunications International

Industry: Wireless Communications Sector: Technology Exchange: NASDAQ

FSNN - Fusion Telecommunications International

Industry: Wireless Communications Sector: Technology Exchange: NASDAQ
#3264()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 0.00%
PRICE $4.36
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Fusion Telecommunications International Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Hold candidate since 2018-08-14
Shorts 31.42% ( 2018-07-31 )
Cash 4.7 mill
Loans 198.7 mill
Beta 1.91
ROA -10.91

No changes to the price of Fusion Telecommunications International in the last trading day. The price has risen in 7 of the last 10 days and is up by 8.73% over the past 2 weeks.

Trend

Fusion Telecommunications International has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $4.35, a level that may pose a second chance to hit a runner. According to fan-theory $5.52 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Fusion Telecommunications International holds buy signals from both short- and long-term moving averages. In addition, 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 $4.29 and $3.96. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday August 13, 2018, which indicates further falls until a new bottom pivot has been found. 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".

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Relative Strength Index (RSI)

The stock holds a RSI14 at 84 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $3.92 and $3.91.

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, Fusion Telecommunications International finds support just below today's level at $3.92. If this is broken, then the next support from accumulated volume will be at $3.91 and $3.63.

Support: $3.92 Price: $4.36 Resistance: $4.78

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.07 between high and low, or 1.60%. For the last week the stock has had a daily average volatility of 3.26%.

The stock is extremely overbought on RSI14 (84). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $4.19 (-3.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Fusion Telecommunications International holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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FSNN $4.36 $0.00(0.00%)
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