The Hourly View for FVRR
At the time of this writing, FVRR (Get Ratings)’s price is up $3.26 (1.72%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
FVRR ranks 354th in terms of today’s price percentage change out of Business Services stocks.
FVRR’s Technical Outlook on the Daily Chart
Currently, FVRR’s price is down $-7.93 (-3.96%) from the day prior. FVRR has seen its price go down 5 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows FVRR’s price action over the past 90 days.
For FVRR News Traders
Investors and traders in FVRR may be particularly interested in the following story that came out in the past day:
Photo by undrey/iStock via Getty Images Great companies are sometimes formed by a convergence of catalysts. The pandemic has changed the landscape of the global economy, and has made for fertile ground for innovation. Fiverr International Ltd. (FVRR) has been one such company that has taken advantage of the circumstances….
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