Panbela Therapeutics 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
Strong day for Panbela Therapeutics Inc. stock price on Friday rising 10.53% to $0.420
(Updated on Jun 21, 2024)
The Panbela Therapeutics Inc. stock price gained 10.53% on the last trading day (Friday, 21st Jun 2024), rising from $0.380 to $0.420. During the last trading day the stock fluctuated 0% from a day low at $0.420 to a day high of $0.420. The price has risen in 5 of the last 10 days and is up by 9.95% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 235 shares were bought and sold for approximately $98.70 . 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.439 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -34.43% during the next 3 months and, with a 90% probability hold a price between $0.181 and $0.288 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PBLA Signals & Forecast
The Panbela Therapeutics 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 $0.414 and $0.403. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -6.67%. Further fall is indicated until a new bottom pivot has been found. 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 Panbela Therapeutics Inc. stock
Panbela Therapeutics Inc. finds support from accumulated volume at $0.410 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 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: $0.404 (-3.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (PBLA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Panbela Therapeutics Inc. to open at $0.420, and during the day (based on 14 day Average True Range), to move between $0.371 and $0.469, which gives a possible trading interval of +/-$0.0490 (+/-11.67%) up or down from last closing price. If Panbela Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 23.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.410 (2.38%) than the resistance at $0.435 (3.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Panbela Therapeutics 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: 2.108 Buy Candidate Upgraded
Predicted Opening Price for Panbela Therapeutics Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.420 ( 0%) | $0.420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBLA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.420 | - |
| R2 | 0.420 | - |
| R1 | 0.420 | - |
| Price | 0.420 | |
| S1 | 0.420 | - |
| S2 | 0.420 | - |
| S3 | 0.420 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.510 | 21.43% |
| R2 | 0.441 | 4.94% |
| R1 | 0.435 | 3.63% |
| Price | 0.420 | |
| S1 | 0.410 | -2.38% |
| S2 | 0.400 | -4.76% |
| S3 | 0.380 | -9.52% |
FAQ
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