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Volatile ride for DarkPulse, Inc. stock price on Wednesday moving between $0.0653 and $0.0835

StockInvest.us, 4 months ago


The DarkPulse, Inc. stock price gained 15.40% on the last trading day (Wednesday, 28th Jul 2021), rising from $0.0721 to $0.0832. During the day the stock fluctuated 27.87% from a day low at $0.0653 to a day high of $0.0835. The price has fallen in 6 of the last 10 days and is down by -49.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 444 thousand more shares were traded than the day before. In total, 166 million shares were bought and sold for approximately $13.85 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0743 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 213.66% during the next 3 months and, with a 90% probability hold a price between $0.23 and $0.64 at the end of this 3-month period.

DarkPulse, Inc.

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DarkPulse, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.11 and $0.0955. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, July 09, 2021, and so far it has fallen -52.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).

DarkPulse, Inc. finds support from accumulated volume at $0.0801 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0182 between high and low, or 27.87%. For the last week, the stock has had a daily average volatility of 27.96%.

The DarkPulse, Inc. stock holds several negative signals and despite the positive trend, we believe DarkPulse, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Check full DarkPulse, Inc. forecast and analysis here.