Pacific Ventures Group, 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:
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 Pacific Ventures Group, Inc. stock price on Tuesday moving between $0.0008 and $0.0014
(Updated on Jul 02, 2024)
The Pacific Ventures Group, Inc. stock price fell by -42.86% on the last day (Tuesday, 2nd Jul 2024) from $0.0014 to $0.0008. During the last trading day the stock fluctuated 75.00% from a day low at $0.0008 to a day high of $0.0014. The price has fallen in 4 of the last 10 days and is down by -27.27% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -164 thousand shares and in total, 988 thousand shares were bought and sold for approximately $790.71 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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PACV 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 Pacific Ventures Group, 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 $0.0012 and $0.0010. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -42.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 62.50% to $0.0013 within 4 trading days since signal was issued (Tuesday, May 21, 2024).
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 and $0.0007. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0007 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 $0.0006 between high and low, or 75.00%. For the last week the stock has had daily average volatility of 52.49%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pacific Ventures Group, Inc. to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0013, which gives a possible trading interval of +/-$0.0005 (+/-65.92%) 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 131.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0008 (6.25%) than the resistance at $0.0009 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pacific Ventures Group, Inc. stock A Buy?
Pacific Ventures Group, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Strong Sell candidate.
Current score: -6.439 Strong Sell Candidate Downgraded
Predicted Opening Price for Pacific Ventures Group, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0010 ( 25.00%) | $0.0008 |
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 | |
|---|---|---|
| R3 | 0.0016 | 100.00% |
| R2 | 0.0014 | 71.35% |
| R1 | 0.0012 | 53.65% |
| Price | 0.0008 | |
| S1 | 0.0008 | -3.65% |
| S2 | 0.0006 | -21.35% |
| S3 | 0.0004 | -50.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0009 | 13.63% |
| R1 | 0.0009 | 12.50% |
| Price | 0.0008 | |
| S1 | 0.0008 | -6.25% |
| S2 | 0.0007 | -12.50% |
| 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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