Pavmed Inc Stock Forecast
Pavmed Inc stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
No changes to the price of Pavmed Inc stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0200 to a day high of $0.0200. The price has been going up and down for this period, and there has been a -66.04% loss for the last 2 weeks.
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 $0.0177 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.92% during the next 3 months and, with a 90% probability hold a price between $0.0170 and $0.0677 at the end of this 3-month period.
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PAVMZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 7.53%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pavmed Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0215 and $0.0401. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Friday, May 10, 2024 and based on theory for this formation the price should fall by -15.64% to $0.0169 within 7 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Pavmed Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0186. 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 3.10%.
Pavmed Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0191 (-4.73%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (PAVMZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pavmed Inc to open at $0.0200, and during the day (based on 14 day Average True Range), to move between $0.0103 and $0.0297, which gives a possible trading interval of +/-$0.0097 (+/-48.32%) up or down from last closing price. If Pavmed Inc takes out the full calculated possible swing range there will be an estimated 96.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0201 (0.50%) than the support at $0.0186 (7.00%), 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 Pavmed Inc stock A Buy?
Pavmed Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pavmed Inc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0200 ( 0%) | $0.0200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAVMZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0200 | - |
| R2 | 0.0200 | - |
| R1 | 0.0200 | - |
| Price | 0.0200 | |
| S1 | 0.0200 | - |
| S2 | 0.0200 | - |
| S3 | 0.0200 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0210 | 5.00% |
| R2 | 0.0203 | 1.50% |
| R1 | 0.0201 | 0.500% |
| Price | 0.0200 | |
| S1 | 0.0186 | -7.00% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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