Perma-Fix Environmental Services Stock Forecast
High volatility in Perma-Fix Environmental Services stock price on Thursday which ended trading at $12.74
(Updated on May 02, 2024)
The Perma-Fix Environmental Services stock price gained 15.82% on the last trading day (Thursday, 2nd May 2024), rising from $11.00 to $12.74. During the last trading day the stock fluctuated 27.74% from a day low at $10.78 to a day high of $13.77. The price has risen in 6 of the last 10 days and is up by 17.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 733 thousand more shares were traded than the day before. In total, 820 thousand shares were bought and sold for approximately $10.45 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 51.21% during the next 3 months and, with a 90% probability hold a price between $16.76 and $23.18 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PESI Signals & Forecast
The Perma-Fix Environmental Services 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 $11.86 and $11.40. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 03, 2024, and so far it has fallen -5.91%. 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).
Support, Risk & Stop-loss for Perma-Fix Environmental Services stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.90 and $11.15. 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, Perma-Fix Environmental Services finds support just below today's level at $11.90. If this is broken, then the next support from accumulated volume will be at $11.15 and $10.53.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.99 between high and low, or 27.74%. For the last week, the stock has had daily average volatility of 8.48%.
Our recommended stop-loss: $12.24 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (PESI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Perma-Fix Environmental Services to open at $12.43, and during the day (based on 14 day Average True Range), to move between $11.97 and $13.51, which gives a possible trading interval of +/-$0.768 (+/-6.02%) up or down from last closing price. If Perma-Fix Environmental Services takes out the full calculated possible swing range there will be an estimated 12.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.95 (1.65%) than the support at $11.90 (6.59%), 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.
Earnings coming up
Perma-Fix Environmental Services will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.250. We will update the financials statements for Perma-Fix Environmental Services, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.14% in the first trading day after earnings release.
Is Perma-Fix Environmental Services stock A Buy?
Perma-Fix Environmental Services holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Strong Buy candidate.
Current score: 5.774 Strong Buy Candidate Upgraded
Predicted Opening Price for Perma-Fix Environmental Services of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $12.43 ( 2.43%) | $12.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PESI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.42 | 21.04 % | |
| R2 | 14.28 | 12.08 % | ||
| R1 | 13.57 | 6.54 % | ||
| Current price: | 12.74 | |||
| Support | S1 | 11.29 | -11.40 % | |
| S2 | 10.58 | -16.94 % | ||
| S3 | 9.44 | -25.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 13.54 | 6.28 % | ||
| R1 | 12.95 | 1.65 % | ||
| Current price | 12.74 | |||
| Support | S1 | 11.90 | -6.59% | |
| S2 | 11.15 | -12.48% | ||
| S3 | 10.53 | -17.35% |
FAQ
Click here for our free guide on how to buy Perma-Fix Environmental Services Stock.
