Palisade Bio, Inc. Stock Forecast
Palisade Bio, Inc. stock price ended at $0.399 on Thursday, after gaining 0.96%.
(Updated on Mar 28, 2024)
The Palisade Bio, Inc. stock price gained 0.96% on the last trading day (Thursday, 28th Mar 2024), rising from $0.395 to $0.399. It has now gained 3 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 6.94% from a day low at $0.389 to a day high of $0.416. The price has risen in 7 of the last 10 days and is up by 8.6% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 131 thousand shares were bought and sold for approximately $52.41 thousand. 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 of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.325 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.44% during the next 3 months and, with a 90% probability hold a price between $0.249 and $0.607 at the end of this 3-month period.
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PALI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 10.71%. Further rise is indicated until a new top pivot has been found. 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 Palisade Bio, 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 $0.402. On a fall, the stock will find some support from the short-term average at $0.382. 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. 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 Palisade Bio, Inc. stock
Palisade Bio, Inc. finds support from accumulated volume at $0.398 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0270 between high and low, or 6.94%. For the last week the stock has had daily average volatility of 6.32%.
Our recommended stop-loss: $0.386 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (PALI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Palisade Bio, Inc. to open at $0.401, and during the day (based on 14 day Average True Range), to move between $0.371 and $0.427, which gives a possible trading interval of +/-$0.0284 (+/-7.11%) up or down from last closing price. If Palisade Bio, Inc. takes out the full calculated possible swing range there will be an estimated 14.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.398 (0.28%) than the resistance at $0.402 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Palisade Bio, Inc. stock A Buy?
Palisade Bio, 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.
Current score: 0.342 Hold/Accumulate Unchanged
Predicted Opening Price for Palisade Bio, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.401 ( 0.568%) | $0.399 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PALI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.428 | 7.33 % | |
R2 | 0.418 | 4.75 % | ||
R1 | 0.412 | 3.15 % | ||
Current price: | 0.399 | |||
Support | S1 | 0.391 | -2.02 % | |
S2 | 0.385 | -3.61 % | ||
S3 | 0.374 | -6.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.454 | 13.73 % | |
R2 | 0.440 | 10.25 % | ||
R1 | 0.402 | 0.727 % | ||
Current price | 0.399 | |||
Support | S1 | 0.398 | -0.276% | |
S2 | 0.386 | -3.28% | ||
S3 | 0.374 | -6.29% |
FAQ
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