ProStar Holdings Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for ProStar Holdings Inc. stock price on Friday moving between $0.140 and $0.165
(Updated on Jun 28, 2024)
The ProStar Holdings Inc. stock price fell by -15.15% on the last day (Friday, 28th Jun 2024) from $0.165 to $0.140. During the last trading day the stock fluctuated 17.86% from a day low at $0.140 to a day high of $0.165. The price has risen in 5 of the last 10 days but is still down by -9.68% for this period. Volume has increased on the last day by 255 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, 321 thousand shares were bought and sold for approximately $44.97 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 $0.140 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 17.63% during the next 3 months and, with a 90% probability hold a price between $0.164 and $0.226 at the end of this 3-month period.
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MAPS.V Signals & Forecast
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. The ProStar Holdings 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 $0.170 and $0.155. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -26.32%. 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 $0.130 and $0.120. 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 $0.130. If this is broken, then the next support from accumulated volume will be at $0.120 and $0.115.
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 $0.0250 between high and low, or 17.86%. For the last week, the stock has had daily average volatility of 7.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAPS.V) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect ProStar Holdings Inc. to open at $0.148, and during the day (based on 14 day Average True Range), to move between $0.127 and $0.153, which gives a possible trading interval of +/-$0.0130 (+/-9.30%) up or down from last closing price. If ProStar Holdings Inc. takes out the full calculated possible swing range there will be an estimated 18.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.150 (7.14%) than the support at $0.130 (7.14%), 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?
The ProStar Holdings Inc. stock holds several negative signals and despite the positive trend, we believe ProStar Holdings Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.816 Sell Candidate Downgraded
Predicted Opening Price for ProStar Holdings Inc. of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$0.148 ( 5.95%) | $0.140 |
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 | 0.173 | 23.81% |
R2 | 0.164 | 16.99% |
R1 | 0.158 | 12.77% |
Price | 0.140 | |
S1 | 0.139 | -0.87% |
S2 | 0.133 | -5.08% |
S3 | 0.123 | -11.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.160 | 14.29% |
R2 | 0.155 | 10.71% |
R1 | 0.150 | 7.14% |
Price | 0.140 | |
S1 | 0.130 | -7.14% |
S2 | 0.120 | -14.29% |
S3 | 0.115 | -17.86% |
FAQ
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