PowerBand Solutions Inc. Stock Forecast

High volatility in PowerBand Solutions Inc. stock price on Tuesday which ended trading at $0.0500
(Updated on Jun 25, 2024)

PBX.V Signals & Forecast

There are few to no technical positive signals at the moment. The PowerBand Solutions Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0607 and $0.0581. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -37.50%. 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). PowerBand Solutions Inc. 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".

Support, Risk & Stop-loss for PowerBand Solutions Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0450 and $0.0400. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0400 may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0250 between high and low, or 62.50%. For the last week, the stock has had daily average volatility of 21.58%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PBX.V) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect PowerBand Solutions Inc. to open at $0.0517, and during the day (based on 14 day Average True Range), to move between $0.0413 and $0.0587, which gives a possible trading interval of +/-$0.0087 (+/-17.37%) up or down from last closing price. If PowerBand Solutions Inc. takes out the full calculated possible swing range there will be an estimated 34.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0550 (10.00%) than the support at $0.0450 (10.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is PowerBand Solutions Inc. stock A Buy?

The PowerBand Solutions Inc. stock holds several negative signals and despite the positive trend, we believe PowerBand Solutions Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.

Current score: -5.806 Strong Sell Candidate Downgraded

Predicted Opening Price for PowerBand Solutions Inc. of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.