Paradigm Oil and Gas, Inc. Stock Forecast

Red day on Tuesday for Paradigm Oil and Gas, Inc.
(Updated on Jul 02, 2024)

PDGO Signals & Forecast

The Paradigm Oil and Gas, 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 $0.0001 and $0.00009574. A breakdown below any of these levels will issue sell signals. 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 Monday, July 01, 2024, and so far it has fallen 0%. 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). 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should fall by -100.00% to $0 within 2 trading days since signal was issued (Thursday, May 02, 2024).

Support, Risk & Stop-loss for Paradigm Oil and Gas, Inc. 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.

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 0%

Our recommended stop-loss: $0.000096 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (PDGO) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Paradigm Oil and Gas, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00008514 and $0.0001, which gives a possible trading interval of +/-$0.00001486 (+/-14.86%) up or down from last closing price. If Paradigm Oil and Gas, Inc. takes out the full calculated possible swing range there will be an estimated 29.72% move between the lowest and the highest trading price during the day.

Is Paradigm Oil and Gas, Inc. stock A Buy?

Paradigm Oil and Gas, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Paradigm Oil and Gas, Inc. of Wednesday, July 3, 2024

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