Planet Labs PBC Stock Forecast
Red day on Monday for Planet Labs PBC stock after losing 1.69%
(Updated on Apr 29, 2024)
The Planet Labs PBC stock price fell by -1.69% on the last day (Monday, 29th Apr 2024) from $1.77 to $1.74. During the last trading day the stock fluctuated 6.43% from a day low at $1.71 to a day high of $1.82. The price has been going up and down for this period, and there has been a -3.87% loss for the last 2 weeks. Volume has increased on the last day by 339 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 906 thousand shares were bought and sold for approximately $1.58 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.06% during the next 3 months and, with a 90% probability hold a price between $1.42 and $2.04 at the end of this 3-month period.
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PL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.578%. 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 Planet Labs PBC 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 $1.76 and $2.10. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Planet Labs PBC stock
Planet Labs PBC finds support from accumulated volume at $1.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.110 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 5.60%.
Planet Labs PBC is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Planet Labs PBC to open at $1.76, and during the day (based on 14 day Average True Range), to move between $1.64 and $1.84, which gives a possible trading interval of +/-$0.103 (+/-5.91%) up or down from last closing price. If Planet Labs PBC takes out the full calculated possible swing range there will be an estimated 11.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.73 (0.57%) than the resistance at $2.15 (23.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Planet Labs PBC stock A Buy?
Planet Labs PBC 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: -3.143 Sell Candidate Unchanged
Predicted Opening Price for Planet Labs PBC of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $1.76 ( 0.96%) | $1.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.87 | 7.28 % | |
| R2 | 1.82 | 4.86 % | ||
| R1 | 1.80 | 3.37 % | ||
| Current price: | 1.74 | |||
| Support | S1 | 1.71 | -1.46 % | |
| S2 | 1.69 | -2.95 % | ||
| S3 | 1.65 | -5.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.17 | 24.71 % | |
| R2 | 2.16 | 24.14 % | ||
| R1 | 2.15 | 23.56 % | ||
| Current price | 1.74 | |||
| Support | S1 | 1.73 | -0.575% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 03, 2014 | Nov 14, 2014 | Dec 01, 2014 | $0.240 | 0% |
| 2 | Aug 04, 2014 | Aug 14, 2014 | Sep 02, 2014 | $0.240 | 0% |
| 3 | May 12, 2014 | May 21, 2014 | Jun 09, 2014 | $0.240 | 0% |
| 4 | Feb 10, 2014 | Feb 21, 2014 | Mar 10, 2014 | $0.200 | 0% |
| 5 | Oct 30, 2013 | Nov 12, 2013 | Dec 02, 2013 | $0.200 | 0% |
FAQ
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