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RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PAY.TO
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Payfare Inc stock price down 0.639% on Friday
(Updated on Jun 14, 2024)

Sell candidate since May 31, 2024 Loss -6.18% PDF

The Payfare Inc stock price fell by -0.639% on the last day (Friday, 14th Jun 2024) from $6.26 to $6.22. During the last trading day the stock fluctuated 2.11% from a day low at $6.15 to a day high of $6.28. The price has fallen in 6 of the last 10 days and is down by -6.18% 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 -77 thousand shares and in total, 102 thousand shares were bought and sold for approximately $634.14 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.12% during the next 3 months and, with a 90% probability hold a price between $5.39 and $6.65 at the end of this 3-month period.

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PAY.TO Signals & Forecast

There are few to no technical positive signals at the moment. The Payfare 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 $6.29 and $6.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -10.50%. 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 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.

Support, Risk & Stop-loss for Payfare Inc stock

Payfare Inc finds support from accumulated volume at $6.19 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 $0.130 between high and low, or 2.11%. For the last week the stock has had daily average volatility of 3.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PAY.TO) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Payfare Inc to open at $6.22, and during the day (based on 14 day Average True Range), to move between $6.01 and $6.43, which gives a possible trading interval of +/-$0.209 (+/-3.36%) up or down from last closing price. If Payfare Inc takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.23 (0.16%) than the support at $6.19 (0.48%), 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 Payfare Inc stock A Buy?

Payfare Inc holds several negative signals and is within a 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.

Current score: -2.184 Sell Candidate Unchanged

Predicted Opening Price for Payfare Inc of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$6.22 ( 0.0536%) $6.22

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PAY.TO

Fibonacci Support & Resistance Levels

Level Price
R3 6.35 2.04%
R2 6.30 1.24%
R1 6.27 0.745%
Price 6.22
S1 6.17 -0.85%
S2 6.14 -1.35%
S3 6.09 -2.14%

Accumulated Volume Support & Resistance Levels

Level Price
R3 6.95 11.74%
R2 6.25 0.482%
R1 6.23 0.161%
Price 6.22
S1 6.19 -0.482%
S2 6.14 -1.29%
S3 5.75 -7.56%

FAQ

What is the symbol for Payfare Inc Stock and on which exchange is it traded?
The symbol for Payfare Inc is PAY.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Payfare Inc Stock?
Payfare Inc holds several negative signals and is within a 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.

How to buy Payfare Inc Stock?
Payfare Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Payfare Inc Stock.

What's the current price of Payfare Inc Stock?
As of the end of day on the Jun 14, 2024, the price of an Payfare Inc (PAY.TO) share was $6.22.

What is the 52-week high and low for Payfare Inc Stock?
The 52-week high for Payfare Inc Stock is $7.49 and the 52-week low is $4.09.

What is the market capitalization of Payfare Inc Stock?
As of the Jun 14, 2024, the market capitalization of Payfare Inc is 297.293M.

When is the next earnings date for Payfare Inc?
The upcoming earnings date for Payfare Inc is Jun 13, 2025.
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About Payfare Inc

Payfare Payfare Inc., a financial technology company, provides instant payment and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets. Payfare Inc. was incorporated in 2012 and is headquartered in Vancouver, Canada.... PAY.TO Profile

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