Perk Labs Inc. Stock Forecast
Perk Labs Inc. stock price ended at $0.0080 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Perk Labs Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0080 to a day high of $0.0080. The price has been going up and down for this period, and there has been a -19.19% loss 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 -18.66% during the next 3 months and, with a 90% probability hold a price between $0.0044 and $0.0085 at the end of this 3-month period.
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PKLBF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Perk Labs 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 $0.0080 and $0.0089. 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). 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 Perk Labs Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0075 and $0.0071. 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, Perk Labs Inc. finds support just below today's level at $0.0075. If this is broken, then the next support from accumulated volume will be at $0.0071 and $0.0069.
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 (PKLBF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Perk Labs Inc. to open at $0.0080, and during the day (based on 14 day Average True Range), to move between $0.0073 and $0.0087, which gives a possible trading interval of +/-$0.0007 (+/-8.72%) up or down from last closing price. If Perk Labs Inc. takes out the full calculated possible swing range there will be an estimated 17.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0075 (6.25%) than the resistance at $0.0090 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Perk Labs Inc. will release earnings BMO on Friday, July 05, 2024. We will update the financials statements for Perk Labs Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 20.92% in the first trading day after earnings release.
Is Perk Labs Inc. stock A Buy?
Perk Labs Inc. 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.
Current score: -1.614 Sell Candidate Unchanged
Predicted Opening Price for Perk Labs Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0080 ( 0%) | $0.0080 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKLBF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0080 | - |
| R2 | 0.0080 | - |
| R1 | 0.0080 | - |
| Price | 0.0080 | |
| S1 | 0.0080 | - |
| S2 | 0.0080 | - |
| S3 | 0.0080 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0097 | 21.25% |
| R2 | 0.0092 | 15.00% |
| R1 | 0.0090 | 12.50% |
| Price | 0.0080 | |
| S1 | 0.0075 | -6.25% |
| S2 | 0.0071 | -11.25% |
| S3 | 0.0069 | -13.75% |
FAQ
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