Pieridae Energy Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Pieridae Energy stock price after Thursday trading.
(Updated on Jun 27, 2024)
The Pieridae Energy stock price gained 2.70% on the last trading day (Thursday, 27th Jun 2024), rising from $0.370 to $0.380. During the last trading day the stock fluctuated 3.95% from a day low at $0.380 to a day high of $0.395. The price has risen in 5 of the last 10 days and is up by 4.11% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 25 thousand shares were bought and sold for approximately $9.50 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 is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.356 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Pieridae Energy stock with a 90% probability to be traded between $0.359 and $0.500 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PEA.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 7.04%. Further rise is indicated until a new top pivot has been found. 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 Pieridae Energy stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.409. On a fall, the stock will find some support from the short-term average at $0.366. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Pieridae Energy stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.360 and $0.355. 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, Pieridae Energy finds support just below today's level at $0.360. If this is broken, then the next support from accumulated volume will be at $0.355 and $0.350.
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 $0.0150 between high and low, or 3.95%. For the last week the stock has had daily average volatility of 3.60%.
Our recommended stop-loss: $0.362 (-4.72%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (PEA.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Pieridae Energy Limited to open at $0.385, and during the day (based on 14 day Average True Range), to move between $0.361 and $0.399, which gives a possible trading interval of +/-$0.0186 (+/-4.90%) up or down from last closing price. If Pieridae Energy Limited takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.390 (2.63%) than the support at $0.360 (5.26%), 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 Pieridae Energy Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pieridae Energy stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.314 Buy Candidate Upgraded
Predicted Opening Price for Pieridae Energy Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.385 ( 1.32%) | $0.380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.400 | 5.26% |
| R2 | 0.394 | 3.76% |
| R1 | 0.391 | 2.82% |
| Price | 0.380 | |
| S1 | 0.379 | -0.192% |
| S2 | 0.376 | -1.12% |
| S3 | 0.370 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.450 | 18.42% |
| R2 | 0.405 | 6.58% |
| R1 | 0.390 | 2.63% |
| Price | 0.380 | |
| S1 | 0.360 | -5.26% |
| S2 | 0.355 | -6.58% |
| S3 | 0.350 | -7.89% |
PEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 19, 2017 | Oct 19, 2017 | Nov 02, 2017 | $0.0830 | 2.18% |
FAQ
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