Pressure BioSciences, 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
Big movements in Pressure BioSciences, Inc stock price on Thursday moving 25.94% between high and low
(Updated on May 02, 2024)
The Pressure BioSciences, Inc stock price gained 5.35% on the last trading day (Thursday, 2nd May 2024), rising from $0.237 to $0.250. During the last trading day the stock fluctuated 25.94% from a day low at $0.212 to a day high of $0.267. The price has fallen in 6 of the last 10 days and is down by -7.3% for this period. Volume fell on the last day by -23 thousand shares and in total, 31 thousand shares were bought and sold for approximately $7.85 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 middle of a very 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 -3.83% during the next 3 months and, with a 90% probability hold a price between $0.132 and $0.283 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PBIO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -15.68%. 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 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. The Pressure BioSciences, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.235 and $0.219. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Pressure BioSciences, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.234 and $0.197. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pressure BioSciences, Inc finds support just below today's level at $0.234. If this is broken, then the next support from accumulated volume will be at $0.197 and $0.190.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0550 between high and low, or 25.94%. For the last week the stock has had daily average volatility of 9.62%.
Our recommended stop-loss: $0.236 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (PBIO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Pressure BioSciences, Inc to open at $0.243, and during the day (based on 14 day Average True Range), to move between $0.218 and $0.282, which gives a possible trading interval of +/-$0.0324 (+/-12.95%) up or down from last closing price. If Pressure BioSciences, Inc takes out the full calculated possible swing range there will be an estimated 25.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.234 (6.52%) than the resistance at $0.270 (7.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pressure BioSciences, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.202 Buy Candidate Upgraded
Predicted Opening Price for Pressure BioSciences, Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.243 ( 2.80%) | $0.250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.298 | 19.20 % | |
| R2 | 0.277 | 10.80 % | ||
| R1 | 0.264 | 5.60 % | ||
| Current price: | 0.250 | |||
| Support | S1 | 0.222 | -11.20 % | |
| S2 | 0.209 | -16.40 % | ||
| S3 | 0.188 | -24.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.295 | 17.96 % | |
| R2 | 0.290 | 16.00 % | ||
| R1 | 0.270 | 7.88 % | ||
| Current price | 0.250 | |||
| Support | S1 | 0.234 | -6.52% | |
| S2 | 0.197 | -21.40% | ||
| S3 | 0.190 | -24.00% |
FAQ
Click here for our free guide on how to buy Pressure BioSciences, Inc Stock.
