Peak Positioning Technologies Inc. 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
Strong day for Peak Positioning Technologies Inc. stock price on Monday rising 5.26% to $0.100
(Updated on Apr 29, 2024)
The Peak Positioning Technologies Inc. stock price gained 5.26% on the last trading day (Monday, 29th Apr 2024), rising from $0.0950 to $0.100. During the last trading day the stock fluctuated 5.00% from a day low at $0.100 to a day high of $0.105. The price has been going up and down for this period, and there has been a 5.26% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 718 thousand more shares were traded than the day before. In total, 803 thousand shares were bought and sold for approximately $80.32 thousand.
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 -20.76% during the next 3 months and, with a 90% probability hold a price between $0.0577 and $0.0964 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.
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PKK.CN Signals & Forecast
There are mixed signals in the stock today. The Peak Positioning Technologies 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 $0.101 and $0.102. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 25.00%. 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). Peak Positioning Technologies Inc. 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.
Support, Risk & Stop-loss for Peak Positioning Technologies Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0900 and $0.0850. 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, Peak Positioning Technologies Inc. finds support just below today's level at $0.0900. If this is broken, then the next support from accumulated volume will be at $0.0850 and $0.0800.
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 $0.0050 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 11.88%.
Our recommended stop-loss: $0.0964 (-3.60%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (PKK.CN) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Peak Positioning Technologies Inc. to open at $0.102, and during the day (based on 14 day Average True Range), to move between $0.0888 and $0.111, which gives a possible trading interval of +/-$0.0112 (+/-11.18%) up or down from last closing price. If Peak Positioning Technologies Inc. takes out the full calculated possible swing range there will be an estimated 22.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.110 (10.00%) than the support at $0.0900 (10.00%), 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 Peak Positioning Technologies Inc. stock A Buy?
Peak Positioning Technologies Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.075 Hold/Accumulate Upgraded
Predicted Opening Price for Peak Positioning Technologies Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $0.102 ( 1.67%) | $0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKK.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.107 | 6.67 % | |
| R2 | 0.105 | 4.76 % | ||
| R1 | 0.104 | 3.58 % | ||
| Current price: | 0.100 | |||
| Support | S1 | 0.0998 | -0.243 % | |
| S2 | 0.0986 | -1.42 % | ||
| S3 | 0.0967 | -3.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.120 | 20.00 % | |
| R2 | 0.115 | 15.00 % | ||
| R1 | 0.110 | 10.00 % | ||
| Current price | 0.100 | |||
| Support | S1 | 0.0900 | -10.00% | |
| S2 | 0.0850 | -15.00% | ||
| S3 | 0.0800 | -20.00% |
FAQ
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