PHI 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
PHI stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Sep 20, 2019)
No changes to the price of PHI stock on the last trading day (Friday, 20th Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $0.0890 to a day high of $0.0890. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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 $0.0881, a level that may pose a second chance to hit a runner. According to fan-theory $0.158 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PHIIK Signals & Forecast
The PHI 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 $0.0890 and $0.0754. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, September 19, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PHI stock
PHI finds support from accumulated volume at $0.0850 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHIIK) For The Upcoming Trading Day Of Monday 23rd
For the upcoming trading day on Monday, 23rd we expect PHI to open at $0.0890, and during the day (based on 14 day Average True Range), to move between $0.0788 and $0.0992, which gives a possible trading interval of +/-$0.0102 (+/-11.48%) up or down from last closing price. If PHI takes out the full calculated possible swing range there will be an estimated 22.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0900 (1.12%) than the support at $0.0850 (4.49%), 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 PHI stock A Buy?
PHI holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -1.760 Sell Candidate Downgraded
Predicted Opening Price for PHI of Monday, September 23, 2019
| Fair opening price September 23, 2019 | Current price |
|---|---|
| $0.0890 ( 0.00000000%) | $0.0890 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHIIK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0890 | 0.00000000 % | |
| R2 | 0.0890 | 0.00000000 % | ||
| R1 | 0.0890 | 0.00000000 % | ||
| Current price: | 0.0890 | |||
| Support | S1 | 0.0890 | 0.00000000 % | |
| S2 | 0.0890 | 0.00000000 % | ||
| S3 | 0.0890 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.111 | 24.72 % | |
| R2 | 0.110 | 23.71 % | ||
| R1 | 0.0900 | 1.12 % | ||
| Current price | 0.0890 | |||
| Support | S1 | 0.0850 | -4.49% | |
| S2 | 0.0800 | -10.11% | ||
| S3 | 0.0700 | -21.35% |
FAQ
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