fpay stock prediction

FlexShopper Inc (FPAY) appears to be in a precarious situation, as evidenced by the following analysis:

1. Technical Indicators Suggest Caution: The stock's technical indicators are mixed, with a MACD of 0.02, a KDJ of 48.59, and an RSI of 39.19. These values suggest that the stock is neither overbought nor oversold, but the lack of a strong signal from the MACD could indicate a lack of momentum.

2. Bollinger Bands Show Resistance: The Bollinger Bands have an upper value of 1.2, a mid-value of 1.1, and a lower value of 1. The stock is currently trading near the lower band, which could indicate a potential upward movement if it breaks out of this range. However, the proximity to the lower band also suggests that the stock may face downward pressure.

3. Analyst Sentiments Are Not Available: There is no available data on the average price target set by analysts for FPAY. This absence of analyst coverage can sometimes indicate a lack of interest from the financial community, which could be a bearish sign.
4. Short-Term Forecasts Show Variability: The forecast prices for FPAY over the next 20 trading days show a wide range, starting from $1.04 to $1.18. This variability suggests that there is a significant uncertainty regarding the stock's short-term direction.

5. Industry Trends Are Not Favorable: The specialty retail industry, to which FPAY belongs, has faced challenges from intensifying competition and the shift towards online retail. These trends may not be beneficial for FPAY's stock performance.

In conclusion, while there is some potential for FPAY to move upwards if it breaks out of its current trading range, the lack of strong momentum indicators and the uncertain industry trends suggest that FPAY could face further challenges. Investors should exercise caution and consider these factors before making investment decisions regarding FPAY stock.