PHI Group Inc. Stock Forecast
Big movements in PHI Group Inc. stock price on Thursday moving 50.00% between high and low
(Updated on Apr 25, 2024)
No changes to the price of PHI Group Inc. stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 50.00% from a day low at $0.0002 to a day high of $0.0003. The price has been going up and down for this period, and there has been a 0% change for the last 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. Given the current short-term trend, the stock is expected to fall -23.85% during the next 3 months and, with a 90% probability hold a price between $0.00008518 and $0.0003 at the end of this 3-month period.
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PHIL Signals & Forecast
There are mixed signals in the stock today. The PHI Group Inc. 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 $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, February 29, 2024 and based on theory for this formation the price should go up by 0% to $0.0003 within 4 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for PHI Group Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0001 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 50.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHIL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect PHI Group Inc. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.0001 (+/-35.28%) up or down from last closing price. If PHI Group Inc. takes out the full calculated possible swing range there will be an estimated 70.56% move between the lowest and the highest trading price during the day.
Is PHI Group Inc. stock A Buy?
PHI Group Inc. 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.
Current score: -1.660 Sell Candidate Unchanged
Predicted Opening Price for PHI Group Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0003 ( 11.11%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHIL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 22.22 % | |
| R2 | 0.0003 | 9.49 % | ||
| R1 | 0.0003 | 1.62 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0002 | -23.84 % | |
| S2 | 0.0002 | -31.71 % | ||
| S3 | 0.0002 | -44.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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