Pacific Ventures Group, Inc. Stock Forecast
High volatility in Pacific Ventures Group, Inc. stock price on Friday which ended trading at $0.0009
(Updated on May 17, 2024)
The Pacific Ventures Group, Inc. stock price gained 50.00% on the last trading day (Friday, 17th May 2024), rising from $0.0006 to $0.0009. During the last trading day the stock fluctuated 50.00% from a day low at $0.0006 to a day high of $0.0009. The price has fallen in 4 of the last 10 days and is down by -40% for this period. Volume fell on the last day by -3 million shares and in total, 115 thousand shares were bought and sold for approximately $103.50 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0006 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 7.53% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0113 at the end of this 3-month period.
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PACV Signals & Forecast
There are few to no technical positive signals at the moment. The Pacific Ventures Group, Inc. 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 $0.0016. On a fall, the stock will find some support from the short-term average at $0.0008. 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 Thursday, March 21, 2024, and so far it has fallen -91.00%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pacific Ventures Group, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0003 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 104.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PACV) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pacific Ventures Group, Inc. to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.00008186 and $0.0017, which gives a possible trading interval of +/-$0.0008 (+/-90.90%) up or down from last closing price. If Pacific Ventures Group, Inc. takes out the full calculated possible swing range there will be an estimated 181.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0009 (1.00%) than the support at $0.0008 (11.11%), 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 Pacific Ventures Group, Inc. stock A Buy?
The Pacific Ventures Group, Inc. stock holds several negative signals and despite the positive trend, we believe Pacific Ventures Group, 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.
Current score: -3.803 Sell Candidate Upgraded
Predicted Opening Price for Pacific Ventures Group, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0008 ( 11.11%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PACV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0011 | 22.22 % | |
| R2 | 0.0010 | 9.49 % | ||
| R1 | 0.0009 | 1.62 % | ||
| Current price: | 0.0009 | |||
| Support | S1 | 0.0007 | -23.84 % | |
| S2 | 0.0006 | -31.71 % | ||
| S3 | 0.0005 | -44.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0011 | 24.78 % | |
| R2 | 0.0010 | 14.44 % | ||
| R1 | 0.0009 | 1.00 % | ||
| Current price | 0.0009 | |||
| Support | S1 | 0.0008 | -11.11% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PACV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 1996 | Jul 02, 1996 | Jul 02, 1996 | $247,524.75 | 0.82% |
| 2 | Apr 02, 1996 | Apr 02, 1996 | Apr 02, 1996 | $247,524.75 | 0.533% |
| 3 | Jan 03, 1996 | Jan 03, 1996 | Jan 03, 1996 | $247,524.75 | 0.372% |
| 4 | Oct 04, 1995 | Oct 04, 1995 | Oct 04, 1995 | $185,643.56 | 0.300% |
| 5 | Jul 05, 1995 | Jul 05, 1995 | Jul 05, 1995 | $185,643.56 | 0.250% |
FAQ
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