Big movements in DarkPulse, Inc. stock price on Friday moving 11.77% between high and lowStockInvest.us, 2 months ago
The DarkPulse, Inc. stock price gained 12.46% on the last trading day (Friday, 2nd Jul 2021), rising from $0.0867 to $0.0975. , and has now gained 11 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 11.77% from a day low at $0.0875 to a day high of $0.0978. The price has risen in 10 of the last 10 days and is up by 41.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 million more shares were traded than the day before. In total, 150 million shares were bought and sold for approximately $14.61 million.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.0818, a level that may pose a second chance to hit a runner. According to fan-theory $0.11 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Mostly positive signals in the chart today. The DarkPulse, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0799 and $0.0427. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 16, 2021, and so far it has risen 105.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $0.0867 and $0.0801.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DarkPulse, Inc. finds support just below today's level at $0.0867. If this is broken, then the next support from accumulated volume will be at $0.0801 and $0.0738.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0103 between high and low, or 11.77%. For the last week, the stock has had a daily average volatility of 13.44%.
Since the DarkPulse, Inc. has been rising for 11 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for DarkPulse, Inc. stock to perform well in the short-term period.Check full DarkPulse, Inc. forecast and analysis here.