FVRR) Resumes Downfall, Loses 5.96% on Friday
The post FVRR) Resumes Downfall, Loses 5.96% on Friday appeared on BitcoinEthereumNews.com. Fiverr International Ltd. stock price slipped 5.96% lower on Friday and resumed the downfall. The stock price is down 9.33% a week and over 36.9% in the past six months. The recent breakdown has crushed the hopes of buyers in the short term. The bears are in complete dominance in the short term as well as in the long term. Fiverr Stock Short-Term Price Analysis Fiverr stock price trend analysis over the daily charts showcases a bearish outlook in the long term. The stock price has been continuously losing for several quarters. The stock price has a major dynamic resistance of $200. The FVRR stock price is declining steadily below the 200-day EMA. Moreover, the recent breakdown has shifted the short-term outlook from neutral to bearish. The Fiverr stock price may decline more in the upcoming sessions. The short-term trend has aligned with the long-term declining trend. The stock price has a major support near the round level of $20 up to which the price may decline. Fiverr Stock Price Analysis Over Weekly Timeframe The weekly FVRR price chart elaborates on the continuation of the downtrend after a consolidation of over three weeks. The stock price trades below the 50-day EMA and 200-day EMA over the weekly chart. Technical Indicators Show Bearish Trend Continuation The daily FVRR stock price chart shows that the price fell below the 50-day and 200-day EMA indicating a bearish dominance in the short term as well as long term. At press time, the RSI line has also made a negative cross of the SMA indicating the continuation of the downtrend. The overall technical opinion rating including RSI and MACD signals a 90% “sell” with a strong short-term outlook on maintaining the current direction. The analysts offering a 1-year price forecast for the Fiverr stock have…
The post FVRR) Resumes Downfall, Loses 5.96% on Friday appeared on BitcoinEthereumNews.com.
Fiverr International Ltd. stock price slipped 5.96% lower on Friday and resumed the downfall. The stock price is down 9.33% a week and over 36.9% in the past six months. The recent breakdown has crushed the hopes of buyers in the short term. The bears are in complete dominance in the short term as well as in the long term. Fiverr Stock Short-Term Price Analysis Fiverr stock price trend analysis over the daily charts showcases a bearish outlook in the long term. The stock price has been continuously losing for several quarters. The stock price has a major dynamic resistance of $200. The FVRR stock price is declining steadily below the 200-day EMA. Moreover, the recent breakdown has shifted the short-term outlook from neutral to bearish. The Fiverr stock price may decline more in the upcoming sessions. The short-term trend has aligned with the long-term declining trend. The stock price has a major support near the round level of $20 up to which the price may decline. Fiverr Stock Price Analysis Over Weekly Timeframe The weekly FVRR price chart elaborates on the continuation of the downtrend after a consolidation of over three weeks. The stock price trades below the 50-day EMA and 200-day EMA over the weekly chart. Technical Indicators Show Bearish Trend Continuation The daily FVRR stock price chart shows that the price fell below the 50-day and 200-day EMA indicating a bearish dominance in the short term as well as long term. At press time, the RSI line has also made a negative cross of the SMA indicating the continuation of the downtrend. The overall technical opinion rating including RSI and MACD signals a 90% “sell” with a strong short-term outlook on maintaining the current direction. The analysts offering a 1-year price forecast for the Fiverr stock have…
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