Pop Culture Group Co., Ltd Stock Forecast
Pop Culture Group Co., Ltd stock price ended at $1.85 on Monday, after gaining 0.543%.
(Updated on Apr 22, 2024)
The Pop Culture Group Co., Ltd stock price gained 0.543% on the last trading day (Monday, 22nd Apr 2024), rising from $1.84 to $1.85. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.32% from a day low at $1.74 to a day high of $1.85. The price has been going up and down for this period, and there has been a -15.14% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $20.89 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.60 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 9.62% during the next 3 months and, with a 90% probability hold a price between $1.76 and $8.39 at the end of this 3-month period.
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CPOP Signals & Forecast
There are mixed signals in the stock today. The Pop Culture Group Co., Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.49. On a fall, the stock will find some support from the short-term average at $1.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -74.27%. 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). Pop Culture Group Co., Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pop Culture Group Co., Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.71 and $1.69. There is a 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, Pop Culture Group Co., Ltd finds support just below today's level at $1.71. If this is broken, then the next support from accumulated volume will be at $1.69 and $1.41.
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 $0.110 between high and low, or 6.32%. For the last week, the stock has had daily average volatility of 11.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPOP) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Pop Culture Group Co., Ltd to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.53 and $2.17, which gives a possible trading interval of +/-$0.319 (+/-17.26%) up or down from last closing price. If Pop Culture Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 34.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.71 (7.62%) than the resistance at $2.20 (18.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pop Culture Group Co., Ltd stock A Buy?
Pop Culture Group Co., Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.657 Sell Candidate Unchanged
Predicted Opening Price for Pop Culture Group Co., Ltd of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $1.81 ( 1.98%) | $1.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPOP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.92 | 3.96 % | |
| R2 | 1.88 | 1.69 % | ||
| R1 | 1.86 | 0.289 % | ||
| Current price: | 1.85 | |||
| Support | S1 | 1.77 | -4.25 % | |
| S2 | 1.75 | -5.66 % | ||
| S3 | 1.70 | -7.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.28 | 23.24 % | |
| R2 | 2.23 | 20.54 % | ||
| R1 | 2.20 | 18.92 % | ||
| Current price | 1.85 | |||
| Support | S1 | 1.71 | -7.62% | |
| S2 | 1.69 | -8.65% | ||
| S3 | 1.41 | -23.78% |
FAQ
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