Premier Biomedical Inc Stock Forecast
High volatility in Premier Biomedical Inc stock price on Monday which ended trading at $0.0009
(Updated on Jun 17, 2024)
The Premier Biomedical Inc stock price fell by -10.00% on the last day (Monday, 17th Jun 2024) from $0.0010 to $0.0009. During the last trading day the stock fluctuated 12.50% from a day low at $0.0008 to a day high of $0.0009. The price has been going up and down for this period, and there has been a -14.29% loss for the last 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $3.39 thousand.
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 $0.0008 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 11.29% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0020 at the end of this 3-month period.
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BIEI Signals & Forecast
There are few to no technical positive signals at the moment. The Premier Biomedical Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0009 and $0.0013. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -47.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Premier Biomedical Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Premier Biomedical Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0009 and $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0008 may give a huge drop in the stock price.
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 $0.0001 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIEI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Premier Biomedical Inc to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-14.59%) up or down from last closing price. If Premier Biomedical Inc takes out the full calculated possible swing range there will be an estimated 29.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0009 (5.56%) than the resistance at $0.0010 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Premier Biomedical Inc stock A Buy?
The Premier Biomedical Inc stock holds several negative signals and despite the positive trend, we believe Premier Biomedical Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.654 Sell Candidate Unchanged
Predicted Opening Price for Premier Biomedical Inc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0009 ( 3.70%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIEI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0010 | 7.41% |
| R2 | 0.0009 | 3.16% |
| R1 | 0.0009 | 0.541% |
| Price | 0.0009 | |
| S1 | 0.0008 | -7.95% |
| S2 | 0.0008 | -10.57% |
| S3 | 0.0008 | -14.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 22.22% |
| R2 | 0.0011 | 16.67% |
| R1 | 0.0010 | 11.11% |
| Price | 0.0009 | |
| S1 | 0.0009 | -5.56% |
| S2 | 0.0008 | -11.11% |
| S3 | 0 | - |
FAQ
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