Pineapple Energy Inc. 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
Volatile ride for Pineapple Energy Inc. stock price on Tuesday moving between $0.0530 and $0.0623
(Updated on Apr 30, 2024)
No changes to the price of Pineapple Energy Inc. stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 17.55% from a day low at $0.0530 to a day high of $0.0623. The price has risen in 5 of the last 10 days and is up by 30.04% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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PEGY Signals & Forecast
The Pineapple Energy Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0560 and $0.0594. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 35.15%. 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. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Pineapple Energy Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0566 and $0.0519. 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, Pineapple Energy Inc. finds support just below today's level at $0.0566. If this is broken, then the next support from accumulated volume will be at $0.0519 and $0.0513.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0093 between high and low, or 17.55%. For the last week, the stock has had daily average volatility of 25.03%.
Our recommended stop-loss: $0.0594 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PEGY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Pineapple Energy Inc. to open at $0.0591, and during the day (based on 14 day Average True Range), to move between $0.0500 and $0.0738, which gives a possible trading interval of +/-$0.0119 (+/-19.18%) up or down from last closing price. If Pineapple Energy Inc. takes out the full calculated possible swing range there will be an estimated 38.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0626 (1.13%) than the support at $0.0566 (8.56%), 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 Pineapple Energy Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.510 Buy Candidate Unchanged
Predicted Opening Price for Pineapple Energy Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0591 ( 4.58%) | $0.0619 |
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 | 0.0684 | 10.45 % | |
| R2 | 0.0648 | 4.71 % | ||
| R1 | 0.0626 | 1.16 % | ||
| Current price: | 0.0619 | |||
| Support | S1 | 0.0555 | -10.32 % | |
| S2 | 0.0533 | -13.86 % | ||
| S3 | 0.0498 | -19.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0696 | 12.44 % | |
| R2 | 0.0680 | 9.85 % | ||
| R1 | 0.0626 | 1.13 % | ||
| Current price | 0.0619 | |||
| Support | S1 | 0.0566 | -8.56% | |
| S2 | 0.0519 | -16.16% | ||
| S3 | 0.0513 | -17.12% |
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
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