Perk Labs Inc. Stock Forecast
A very red day for Perk Labs Inc. stock price after a -6.43% fall in the Friday trading session
(Updated on May 31, 2024)
The Perk Labs Inc. stock price fell by -6.43% on the last day (Friday, 31st May 2024) from $0.0086 to $0.0080. 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 -21.95% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -148 thousand shares and in total, 6 thousand shares were bought and sold for approximately $48.00 .
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0073 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.44% during the next 3 months and, with a 90% probability hold a price between $0.0087 and $0.0149 at the end of this 3-month period.
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PKLBF Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.0085 and $0.0099. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -32.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 $0.0076 and $0.0075. 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 $0.0076. If this is broken, then the next support from accumulated volume will be at $0.0075 and $0.0070.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 18.74%.
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 Monday 3rd
For the upcoming trading day on Monday, 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 $0.0061 and $0.0099, which gives a possible trading interval of +/-$0.0019 (+/-23.33%) up or down from last closing price. If Perk Labs Inc. takes out the full calculated possible swing range there will be an estimated 46.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0083 (3.75%) than the support at $0.0076 (5.00%), 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 Perk Labs Inc. stock A Buy?
The Perk Labs Inc. stock holds several negative signals and despite the positive trend, we believe Perk Labs Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.989 Sell Candidate Unchanged
Predicted Opening Price for Perk Labs Inc. of Monday, June 3, 2024
| Fair opening price June 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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0080 | . | |
| R2 | 0.0080 | . | ||
| R1 | 0.0080 | . | ||
| Current price: | 0.0080 | |||
| Support | S1 | 0.0080 | . | |
| S2 | 0.0080 | . | ||
| S3 | 0.0080 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0092 | 15.00 % | |
| R2 | 0.0090 | 12.50 % | ||
| R1 | 0.0083 | 3.75 % | ||
| Current price | 0.0080 | |||
| Support | S1 | 0.0076 | -5.00% | |
| S2 | 0.0075 | -6.25% | ||
| S3 | 0.0070 | -12.50% |
FAQ
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