PetVivo Holdings, Inc. Common Stock Stock Forecast
PetVivo Holdings, Inc. Common Stock stock price fell more than -6.17% Wednesday closing at $0.788
(Updated on Apr 24, 2024)
The PetVivo Holdings, Inc. Common Stock stock price fell by -6.17% on the last day (Wednesday, 24th Apr 2024) from $0.84 to $0.788. During the last trading day the stock fluctuated 7.78% from a day low at $0.788 to a day high of $0.85. The price has risen in 5 of the last 10 days but is still down by -18.66% for this period. Volume has increased on the last day by 5 thousand 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, 29 thousand shares were bought and sold for approximately $22.52 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -35.52% during the next 3 months and, with a 90% probability hold a price between $0.363 and $0.539 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PETV Signals & Forecast
There are few to no technical positive signals at the moment. The PetVivo Holdings, Inc. Common Stock 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 $0.96. On a fall, the stock will find some support from the short-term average at $0.756. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -6.17%. 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). PetVivo Holdings, Inc. Common Stock 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PetVivo Holdings, Inc. Common Stock stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.735 and $0.720. 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, PetVivo Holdings, Inc. Common Stock finds support just below today's level at $0.735. If this is broken, then the next support from accumulated volume will be at $0.720 and $0.690.
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 $0.0614 between high and low, or 7.78%. For the last week, the stock has had daily average volatility of 14.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PETV) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect PetVivo Holdings, Inc. Common Stock to open at $0.81, and during the day (based on 14 day Average True Range), to move between $0.694 and $0.88, which gives a possible trading interval of +/-$0.0938 (+/-11.90%) up or down from last closing price. If PetVivo Holdings, Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 23.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.80 (1.50%) than the support at $0.735 (6.74%), 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 PetVivo Holdings, Inc. Common Stock stock A Buy?
PetVivo Holdings, Inc. Common Stock 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.169 Strong Sell Candidate Downgraded
Predicted Opening Price for PetVivo Holdings, Inc. Common Stock of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.81 ( 2.59%) | $0.788 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PETV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.87 | 10.38 % | |
| R2 | 0.85 | 7.41 % | ||
| R1 | 0.83 | 5.57 % | ||
| Current price: | 0.788 | |||
| Support | S1 | 0.785 | -0.379 % | |
| S2 | 0.771 | -2.22 % | ||
| S3 | 0.747 | -5.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 22.95 % | |
| R2 | 0.84 | 6.58 % | ||
| R1 | 0.80 | 1.50 % | ||
| Current price | 0.788 | |||
| Support | S1 | 0.735 | -6.74% | |
| S2 | 0.720 | -8.65% | ||
| S3 | 0.690 | -12.45% |
FAQ
Click here for our free guide on how to buy PetVivo Holdings, Inc. Common Stock Stock.
