PolkaBridge USD Stock Forecast
PolkaBridge USD stock price up 0.228% on Saturday
(Updated on Jun 29, 2024)
The PolkaBridge USD stock price gained 0.228% on the last trading day (Saturday, 29th Jun 2024), rising from $0.0434 to $0.0435. During the last trading day the stock fluctuated 4.34% from a day low at $0.0423 to a day high of $0.0442. The price has been going up and down for this period, and there has been a 6.22% gain for the last 2 weeks. Volume fell on the last day by -111 thousand shares and in total, 697 thousand shares were bought and sold for approximately $30.27 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 -27.04% during the next 3 months and, with a 90% probability hold a price between $0.0028 and $0.111 at the end of this 3-month period.
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PBRUSD 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 PolkaBridge USD 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 $0.0438 and $0.0504. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -78.03%. 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 PolkaBridge USD stock
PolkaBridge USD finds support from accumulated volume at $0.0434 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 $0.0018 between high and low, or 4.34%. For the last week the stock has had daily average volatility of 9.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PBRUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect PolkaBridge USD to open at $0.0433, and during the day (based on 14 day Average True Range), to move between $0.0396 and $0.0473, which gives a possible trading interval of +/-$0.0038 (+/-8.82%) up or down from last closing price. If PolkaBridge USD takes out the full calculated possible swing range there will be an estimated 17.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0434 (0.10%) than the resistance at $0.0462 (6.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PolkaBridge USD stock A Buy?
PolkaBridge USD 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: -4.479 Sell Candidate Unchanged
Predicted Opening Price for PolkaBridge USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.0433 ( 0.285%) | $0.0435 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0452 | 3.95% |
| R2 | 0.0445 | 2.33% |
| R1 | 0.0440 | 1.33% |
| Price | 0.0435 | |
| S1 | 0.0426 | -1.90% |
| S2 | 0.0422 | -2.90% |
| S3 | 0.0415 | -4.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0533 | 22.60% |
| R2 | 0.0519 | 19.43% |
| R1 | 0.0462 | 6.26% |
| Price | 0.0435 | |
| S1 | 0.0434 | -0.104% |
| S2 | 0.0409 | -5.85% |
| S3 | 0.0388 | -10.70% |
FAQ
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