High volatility in DarkPulse, Inc. stock price on Thursday which ended trading at $0.0867StockInvest.us, 1 year ago
The DarkPulse, Inc. stock price gained 8.31% on the last trading day (Thursday, 1st Jul 2021), rising from $0.0801 to $0.0867. , 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 11.83% from a day low at $0.0778 to a day high of $0.0870. The price has risen in 10 of the last 10 days and is up by 49.74% over the past 2 weeks. Volume fell on the last day by -128 million shares and in total, 77 million shares were bought and sold for approximately $6.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0802, a level that may pose a second chance to hit a runner. According to fan-theory $0.12 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 $0.0762 and $0.0405. 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 82.91%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
On the downside, the stock finds support just below today's level from accumulated volume at $0.0801 and $0.0701.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 $0.0801. If this is broken, then the next support from accumulated volume will be at $0.0701 and $0.0689.
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 $0.0092 between high and low, or 11.83%. For the last week, the stock has had a daily average volatility of 13.66%.
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 forecast and analysis here.