ProStar Holdings Inc. Stock Forecast
ProStar Holdings Inc. stock price took a fall of -10.53% on Tuesday
(Updated on Jun 25, 2024)
The ProStar Holdings Inc. stock price fell by -10.53% on the last day (Tuesday, 25th Jun 2024) from $0.190 to $0.170. During the last trading day the stock fluctuated 9.37% from a day low at $0.160 to a day high of $0.175. The price has risen in 5 of the last 10 days and is up by 13.33% over the past 2 weeks. Volume has increased on the last day by 52 thousand 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, 57 thousand shares were bought and sold for approximately $9.63 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.06% during the next 3 months and, with a 90% probability hold a price between $0.163 and $0.225 at the end of this 3-month period.
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MAPS.V Signals & Forecast
The ProStar Holdings Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.178. On a fall, the stock will find some support from the long-term average at approximately $0.155. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -10.53%. Further fall is indicated until a new bottom pivot has been found. ProStar Holdings 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 ProStar Holdings Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.155 and $0.150. 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, ProStar Holdings Inc. finds support just below today's level at $0.155. If this is broken, then the next support from accumulated volume will be at $0.150 and $0.145.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0150 between high and low, or 9.37%. For the last week, the stock has had daily average volatility of 9.11%.
Our recommended stop-loss: $0.162 (-4.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (MAPS.V) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ProStar Holdings Inc. to open at $0.168, and during the day (based on 14 day Average True Range), to move between $0.158 and $0.182, which gives a possible trading interval of +/-$0.0124 (+/-7.31%) up or down from last closing price. If ProStar Holdings Inc. takes out the full calculated possible swing range there will be an estimated 14.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.175 (2.94%) than the support at $0.155 (8.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ProStar Holdings Inc. stock A Buy?
ProStar Holdings Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.617 Hold/Accumulate Downgraded
Predicted Opening Price for ProStar Holdings Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.168 ( 0.98%) | $0.170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAPS.V
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.183 | 7.84% |
R2 | 0.178 | 4.47% |
R1 | 0.174 | 2.39% |
Price | 0.170 | |
S1 | 0.163 | -4.35% |
S2 | 0.159 | -6.43% |
S3 | 0.153 | -9.80% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.185 | 8.82% |
R2 | 0.180 | 5.88% |
R1 | 0.175 | 2.94% |
Price | 0.170 | |
S1 | 0.155 | -8.82% |
S2 | 0.150 | -11.76% |
S3 | 0.145 | -14.71% |
FAQ
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