Psyence Biomedical Ltd. Warrant Stock Forecast
Volatile ride for Psyence Biomedical Ltd. Warrant stock price on Tuesday moving between $0.0153 and $0.0200
(Updated on Jun 25, 2024)
The Psyence Biomedical Ltd. Warrant stock price fell by -0.99% on the last day (Tuesday, 25th Jun 2024) from $0.0202 to $0.0200. During the last trading day the stock fluctuated 30.72% from a day low at $0.0153 to a day high of $0.0200. The price has fallen in 6 of the last 10 days and is down by -15.97% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $129.42 .
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 $0.0237 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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PBMWW Signals & Forecast
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 Psyence Biomedical Ltd. Warrant 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 $0.0212 and $0.0390. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -23.08%. Further fall is indicated until a new bottom pivot has been found. Psyence Biomedical Ltd. Warrant gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Psyence Biomedical Ltd. Warrant stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0047 between high and low, or 30.72%. For the last week, the stock has had daily average volatility of 27.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PBMWW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Psyence Biomedical Ltd. Warrant to open at $0.0184, and during the day (based on 14 day Average True Range), to move between $0.0088 and $0.0312, which gives a possible trading interval of +/-$0.0112 (+/-55.95%) up or down from last closing price. If Psyence Biomedical Ltd. Warrant takes out the full calculated possible swing range there will be an estimated 111.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0214, some $0.0014 (7.00%) from the current price of $0.0200, our system finds the risk reward not very attractive.
Is Psyence Biomedical Ltd. Warrant stock A Buy?
Psyence Biomedical Ltd. Warrant holds several negative signals and is within a very 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: -5.584 Strong Sell Candidate Unchanged
Predicted Opening Price for Psyence Biomedical Ltd. Warrant of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0184 ( 7.83%) | $0.0200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBMWW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0231 | 15.67% |
| R2 | 0.0213 | 6.69% |
| R1 | 0.0202 | 1.14% |
| Price | 0.0200 | |
| S1 | 0.0166 | -16.81% |
| S2 | 0.0155 | -22.36% |
| S3 | 0.0137 | -31.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0238 | 19.00% |
| R2 | 0.0235 | 17.50% |
| R1 | 0.0214 | 7.00% |
| Price | 0.0200 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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