PowerBand Solutions Inc. Stock Forecast

Red day on Friday for PowerBand Solutions Inc. stock after losing 0%
(Updated on Jun 28, 2024)

PBX.V Signals & Forecast

The PowerBand Solutions 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 $0.0621 and $0.0590. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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 $0.0600 and $0.0550. 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, PowerBand Solutions Inc. finds support just below today's level at $0.0600. If this is broken, then the next support from accumulated volume will be at $0.0550 and $0.0500.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 17.67%

Our recommended stop-loss: $0.0626 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (PBX.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect PowerBand Solutions Inc. to open at $0.0650, and during the day (based on 14 day Average True Range), to move between $0.0571 and $0.0729, which gives a possible trading interval of +/-$0.0079 (+/-12.21%) up or down from last closing price. If PowerBand Solutions Inc. takes out the full calculated possible swing range there will be an estimated 24.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0700 (7.69%) than the support at $0.0600 (7.69%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PowerBand Solutions Inc. stock to perform well in the short-term.

Current score: 3.114 Buy Candidate Unchanged

Predicted Opening Price for PowerBand Solutions Inc. of Tuesday, July 2, 2024

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