Pineapple Energy Inc. Stock Forecast
Volatile ride for Pineapple Energy Inc. stock price on Wednesday moving between $0.0445 and $0.0505
(Updated on Apr 17, 2024)
The Pineapple Energy Inc. stock price fell by -1.26% on the last day (Wednesday, 17th Apr 2024) from $0.0476 to $0.0470. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 13.48% from a day low at $0.0445 to a day high of $0.0505. The price has fallen in 8 of the last 10 days and is down by -32.47% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $246.82 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0093, a level that may pose a second chance to hit a runner. According to fan-theory $0.161 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
PEGY Signals & Forecast
There are few to no technical positive signals at the moment. The Pineapple Energy Inc. 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 $0.0538 and $0.0629. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -32.86%. 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). Pineapple Energy 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 Pineapple Energy 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.
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 $0.0060 between high and low, or 13.48%. For the last week, the stock has had daily average volatility of 13.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEGY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Pineapple Energy Inc. to open at $0.0473, and during the day (based on 14 day Average True Range), to move between $0.0381 and $0.0559, which gives a possible trading interval of +/-$0.0089 (+/-18.94%) up or down from last closing price. If Pineapple Energy Inc. takes out the full calculated possible swing range there will be an estimated 37.89% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0490, some $0.0020 (4.26%) from the current price of $0.0470, our system finds the risk reward not very attractive.
Is Pineapple Energy Inc. stock A Buy?
Pineapple Energy Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.625 Strong Sell Candidate Unchanged
Predicted Opening Price for Pineapple Energy Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $0.0473 ( 0.709%) | $0.0470 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0533 | 13.48 % | |
| R2 | 0.0510 | 8.60 % | ||
| R1 | 0.0496 | 5.59 % | ||
| Current price: | 0.0470 | |||
| Support | S1 | 0.0450 | -4.17 % | |
| S2 | 0.0436 | -7.18 % | ||
| S3 | 0.0413 | -12.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0581 | 23.62 % | |
| R2 | 0.0528 | 12.34 % | ||
| R1 | 0.0490 | 4.26 % | ||
| Current price | 0.0470 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PEGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2021 | Oct 18, 2021 | Oct 15, 2021 | $14.00 | 41.47% |
| 2 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $3.50 | 10.36% |
| 3 | May 20, 2020 | Jun 12, 2020 | Jul 01, 2020 | $0.0800 | 0.412% |
| 4 | Feb 27, 2020 | Mar 13, 2020 | Apr 01, 2020 | $0.0800 | 0.469% |
| 5 | Dec 02, 2019 | Dec 12, 2019 | Jan 02, 2020 | $0.0800 | 0.320% |
FAQ
Click here for our free guide on how to buy Pineapple Energy Inc. Stock.
