Payoneer Global Inc. Stock Forecast
Big movements in Payoneer Global Inc. stock price on Friday moving 21.50% between high and low
(Updated on Jun 28, 2024)
The Payoneer Global Inc. stock price gained 9.86% on the last trading day (Friday, 28th Jun 2024), rising from $0.210 to $0.231. During the last trading day the stock fluctuated 21.50% from a day low at $0.200 to a day high of $0.243. The price has fallen in 4 of the last 10 days and is down by -7.72% for this period. Volume fell on the last day by -993 shares and in total, 13 thousand shares were bought and sold for approximately $3.02 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 $0.208 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.95% during the next 3 months and, with a 90% probability hold a price between $0.196 and $0.364 at the end of this 3-month period.
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PAYOW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 9.86%. 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 Payoneer Global 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 $0.286. On a fall, the stock will find some support from the short-term average at $0.215. 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 Payoneer Global Inc. stock
Payoneer Global Inc. finds support from accumulated volume at $0.230 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0430 between high and low, or 21.50%. For the last week the stock has had daily average volatility of 12.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAYOW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Payoneer Global Inc. to open at $0.225, and during the day (based on 14 day Average True Range), to move between $0.200 and $0.261, which gives a possible trading interval of +/-$0.0307 (+/-13.30%) up or down from last closing price. If Payoneer Global Inc. takes out the full calculated possible swing range there will be an estimated 26.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.230 (0.26%) than the resistance at $0.250 (8.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Payoneer Global Inc. stock A Buy?
Payoneer Global Inc. holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -3.747 Sell Candidate Downgraded
Predicted Opening Price for Payoneer Global Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.225 ( 2.66%) | $0.231 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAYOW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.268 | 15.98% |
| R2 | 0.251 | 8.86% |
| R1 | 0.241 | 4.46% |
| Price | 0.231 | |
| S1 | 0.208 | -9.78% |
| S2 | 0.198 | -14.18% |
| S3 | 0.182 | -21.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.280 | 21.37% |
| R2 | 0.258 | 11.70% |
| R1 | 0.250 | 8.37% |
| Price | 0.231 | |
| S1 | 0.230 | -0.260% |
| S2 | 0.225 | -2.47% |
| S3 | 0.210 | -8.97% |
FAQ
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