PHI Group Inc. Stock Forecast
Big movements in PHI Group Inc. stock price on Monday moving 25.00% between high and low
(Updated on May 06, 2024)
The PHI Group Inc. stock price gained 25.00% on the last trading day (Monday, 6th May 2024), rising from $0.0004 to $0.0005. During the last trading day the stock fluctuated 25.00% from a day low at $0.0004 to a day high of $0.0005. The price has been going up and down for this period, and there has been a 66.67% gain for the last 2 weeks. Volume fell on the last day by -134 million shares and in total, 45 million shares were bought and sold for approximately $22.55 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0004, a level that may pose a second chance to hit a runner. According to fan-theory $0.0006 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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PHIL Signals & Forecast
The PHI Group Inc. 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 $0.0003 and $0.0003. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 150.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 Monday, April 29, 2024 with a target of $0.0004. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for PHI Group Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 45.00%.
Our recommended stop-loss: $0.0005 (-3.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (PHIL) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect PHI Group Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.0001 (+/-21.91%) up or down from last closing price. If PHI Group Inc. takes out the full calculated possible swing range there will be an estimated 43.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0004, some $0.0001 (20.00%) from the current price of $0.0005, our system finds the risk reward attractive.
Is PHI Group Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.500 Buy Candidate Upgraded
Predicted Opening Price for PHI Group Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.0005 ( 6.67%) | $0.0005 |
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 | 0.0006 | 13.33 % | |
| R2 | 0.0005 | 5.69 % | ||
| R1 | 0.0005 | 0.97 % | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0004 | -14.31 % | |
| S2 | 0.0004 | -19.03 % | ||
| S3 | 0.0004 | -26.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0005 | |||
| Support | S1 | 0.0004 | -20.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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