Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of FWONK will decline by -28.66% over the next 2 Weeks and hit $63.80 by Friday, November 24, 2023. In that time frame, FWONK's share price is expected to range between $61.94 and $65.63.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 24, 2023 | 61.73 | 63.80 | 65.56 |
| Nov 23, 2023 | 62.10 | 63.84 | 65.71 |
| Nov 22, 2023 | 62.72 | 64.43 | 66.17 |
| Nov 21, 2023 | 63.04 | 64.87 | 66.75 |
| Nov 20, 2023 | 63.56 | 65.28 | 67.02 |
| Nov 17, 2023 | 63.19 | 64.86 | 66.54 |
| Nov 16, 2023 | 63.34 | 64.90 | 66.65 |
| Nov 15, 2023 | 63.81 | 65.49 | 67.18 |
| Nov 14, 2023 | 64.24 | 65.93 | 67.55 |
| Nov 13, 2023 | 64.66 | 66.34 | 67.95 |
| Nov 10, 2023 | 66.14 | 67.85 | 69.66 |
| Nov 9, 2023 | 62.33 | 64.02 | 65.74 |
| Nov 8, 2023 | 63.03 | 64.61 | 66.20 |
| Nov 7, 2023 | 63.44 | 65.06 | 66.69 |
FWONK shares rose +3.10% in Wednesday, February 18, 2026's trading session, rising from a previous close of $86.74 to move at $89.43. The stock demonstrated notable intraday movement (see FWONK's key stats for a full breakdown), fluctuating between $86.61 and $89.78, a +3.66% trading range. While recent weeks have seen some volatility, FWONK has managed to secure a +2.79% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 1.67M shares changing hands, 65.38K more than the previous session. This amounted to $149.53M in total market activity.
Will FWONK Continue Its Downward Trend?
According to analyst ratings and projections for FWONK, Formula One Group shares are anticipated to decrease by -36.41%, potentially reaching $65.56 per share by November 24, 2023. Short-term technical indicators for FWONK currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 17 negative trading days within the past 30 sessions. Based on the FWONK stock forecast, now is not the best time to buy FWONK stock because its current trading price is +40.17% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on FWONK covering social and institutional perspectives.
FWONK Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into FWONK's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 49.90% to 63.27%) suggest mixed signals, with the stock in a neutral to slightly bearish momentum phase. The 50-day RSI, at 46.04%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 47.69%, maintains a neutral outlook for the long term. Insights into FWONK's shareholder base show how institutional investors are positioning themselves during these momentum shifts

