Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of FWONK will decline by -29.71% 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 fell -0.32% in Thursday, April 16, 2026's trading session, dropping from a previous close of $90.47 to move at $90.18. The stock demonstrated notable intraday movement (see FWONK's key stats for a full breakdown), fluctuating between $90.01 and $91.52, a +1.68% trading range. While recent weeks have seen some volatility, FWONK has managed to secure a +6.07% gain over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 1.09M shares changing hands, 421.55K fewer than the previous session. This amounted to $98.31M 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 -37.56%, potentially reaching $65.56 per share by November 24, 2023. Short-term technical indicators currently suggest a bearish sentiment for FWONK. However, the stock has recorded 18 positive 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 +41.35% 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 57.30% to 67.45%) suggest the stock is showing bullish momentum with some volatility. The 50-day RSI, at 50.65%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 49.41%, 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

