Fobi AI Inc V.FOBI

Alternate Symbol(s): FOBIF

Technology Software - Application

Fobi AI Inc. is a Canada-based artificial intelligence (AI) and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. The Company enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale. It operates in the technology industry and earns revenues from directly selling software-as-a-service (SaaS), reselling, referring, and licensing its technology to licensors. It offers Wallet passes, which are digital representations of physical cards or documents that are stored in mobile wallet apps and simplify the user experience by providing smartphone access to membership cards, coupons, tickets, and more. It enables businesses to action, leverage, and monetize real-time data across online and offline platforms.

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Comment by NorthBuddyon Oct 27, 2022 8:26pm

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Post# 35054801

RE:Question

Fobi Ai Inc. stock price took a fall of -5.47% on Thursday
(Updated on Oct 27, 2022)

Sell candidate since 2022-10-27 PDF

The Fobi Ai Inc. stock price fell by -5.47% on the last day (Thursday, 27th Oct 2022) from $0.323 to $0.305. During the last trading day the stock fluctuated 1.41% from a day low at $0.305 to a day high of $0.309. The price has fallen in 7 of the last 10 days and is down by -13.14% for this period. Volume has increased on the last day by 81 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, 220 thousand shares were bought and sold for approximately $67.17 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.77% during the next 3 months and, with a 90% probability hold a price between $0.207 and $0.319 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, October 25, 2022, and so far it has risen 0.99%. 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. The Fobi Ai Inc. 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 $0.319 and $0.339. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Fobi Ai Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Fobi Ai Inc. finds support from accumulated volume at $0.302 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0043 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 4.36%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Fobi Ai Inc. to open at $0.306, and during the day (based on 14 day Average True Range), to move between $0.288 and $0.322, which gives a possible trading interval of +/-$0.0167 (+/-5.48%) up or down from last closing price. If Fobi Ai Inc. takes out the full calculated possible swing range there will be an estimated 10.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.302 (0.98%) than the resistance at $0.336 (10.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fobi Ai Inc. stock A Buy?

Fobi Ai Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.098