$Faraday Future Intelligent Electric Inc.(FFIE)$ For the upcoming trading day on Tuesday, 10th we expect Faraday Future Intelligent Electric Inc. to open at $4.39, and during the day (based on 14 day Average True Range), to move between $3.97 and $6.89, which gives a possible trading interval of +/-$1.81 (+/-40.51%) up or down from last closing price. If Faraday Future Intelligent Electric Inc. takes out the full calculated possible swing range there will be an estimated 81.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.80 (7.14%) than the support at $3.99 (10.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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