Pagaya Technologies Ltd. Warrants Stock Forecast
High volatility in Pagaya Technologies Ltd. Warrants stock price on Friday which ended trading at $0.105
(Updated on Jun 21, 2024)
The Pagaya Technologies Ltd. Warrants stock price gained 8.58% on the last trading day (Friday, 21st Jun 2024), rising from $0.0967 to $0.105. During the last trading day the stock fluctuated 14.51% from a day low at $0.0951 to a day high of $0.109. The price has fallen in 6 of the last 10 days and is down by -11.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $775.53 .
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. Given the current short-term trend, the stock is expected to fall -9.60% during the next 3 months and, with a 90% probability hold a price between $0.0666 and $0.137 at the end of this 3-month period.
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PGYWW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 8.58%. Further rise is indicated until a new top pivot has been found. Pagaya Technologies Ltd. Warrants has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pagaya Technologies Ltd. Warrants 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 $0.105 and $0.116. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pagaya Technologies Ltd. Warrants stock
Pagaya Technologies Ltd. Warrants finds support from accumulated volume at $0.104 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0138 between high and low, or 14.51%. For the last week, the stock has had daily average volatility of 19.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGYWW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Pagaya Technologies Ltd. Warrants to open at $0.103, and during the day (based on 14 day Average True Range), to move between $0.0854 and $0.125, which gives a possible trading interval of +/-$0.0196 (+/-18.66%) up or down from last closing price. If Pagaya Technologies Ltd. Warrants takes out the full calculated possible swing range there will be an estimated 37.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.104 (0.86%) than the resistance at $0.115 (9.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pagaya Technologies Ltd. Warrants stock A Buy?
Pagaya Technologies Ltd. Warrants 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.352 Sell Candidate Upgraded
Predicted Opening Price for Pagaya Technologies Ltd. Warrants of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.103 ( 1.90%) | $0.105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGYWW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.117 | 11.24% |
| R2 | 0.112 | 6.22% |
| R1 | 0.108 | 3.12% |
| Price | 0.105 | |
| S1 | 0.0977 | -6.93% |
| S2 | 0.0945 | -10.03% |
| S3 | 0.0892 | -15.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.120 | 14.29% |
| R2 | 0.116 | 10.00% |
| R1 | 0.115 | 9.52% |
| Price | 0.105 | |
| S1 | 0.104 | -0.86% |
| S2 | 0.0988 | -5.90% |
| S3 | 0.0910 | -13.33% |
FAQ
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