Pharmacielo Ltd Stock Forecast
Is Pharmacielo Ltd stock still a buy after falling -15.38% on Friday?
(Updated on May 17, 2024)
The Pharmacielo Ltd stock price fell by -15.38% on the last day (Friday, 17th May 2024) from $0.132 to $0.112. During the last trading day the stock fluctuated 0% from a day low at $0.112 to a day high of $0.112. The price has fallen in 5 of the last 10 days and is down by -8.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -600 shares and in total, 1 thousand shares were bought and sold for approximately $111.70 .
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.116. A reaction back to this level may hold a second chance to get out before further falls.
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PCLOF 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 Pharmacielo Ltd 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 $0.132 and $0.142. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -25.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pharmacielo Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.106 and $0.104. 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, Pharmacielo Ltd finds support just below today's level at $0.106. If this is broken, then the next support from accumulated volume will be at $0.104 and $0.0947.
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 3.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PCLOF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pharmacielo Ltd to open at $0.112, and during the day (based on 14 day Average True Range), to move between $0.0977 and $0.126, which gives a possible trading interval of +/-$0.0140 (+/-12.49%) up or down from last closing price. If Pharmacielo Ltd takes out the full calculated possible swing range there will be an estimated 24.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.113 (1.16%) than the support at $0.106 (5.51%), 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 Pharmacielo Ltd stock A Buy?
The Pharmacielo Ltd stock holds several negative signals and despite the positive trend, we believe Pharmacielo Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.094 Sell Candidate Unchanged
Predicted Opening Price for Pharmacielo Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.112 ( 0.00000000%) | $0.112 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCLOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.112 | 0.00000000 % | |
| R2 | 0.112 | 0.00000000 % | ||
| R1 | 0.112 | 0.00000000 % | ||
| Current price: | 0.112 | |||
| Support | S1 | 0.112 | 0.00000000 % | |
| S2 | 0.112 | 0.00000000 % | ||
| S3 | 0.112 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.132 | 18.44 % | |
| R2 | 0.129 | 15.67 % | ||
| R1 | 0.113 | 1.16 % | ||
| Current price | 0.112 | |||
| Support | S1 | 0.106 | -5.51% | |
| S2 | 0.104 | -6.58% | ||
| S3 | 0.0947 | -15.22% |
FAQ
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