Planet Green Holdings Corp Stock Forecast
High volatility in Planet Green Holdings Corp stock price on Friday which ended trading at $0.179
(Updated on Apr 19, 2024)
The Planet Green Holdings Corp stock price fell by -10.59% on the last day (Friday, 19th Apr 2024) from $0.200 to $0.179. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 20.88% from a day low at $0.170 to a day high of $0.206. The price has fallen in 8 of the last 10 days and is down by -27.39% for this period. Volume has increased on the last day by 180 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, 215 thousand shares were bought and sold for approximately $38.42 thousand.
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 $0.166 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -48.69% during the next 3 months and, with a 90% probability hold a price between $0.0854 and $0.119 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PLAG Signals & Forecast
There are few to no technical positive signals at the moment. The Planet Green Holdings Corp 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 $0.212 and $0.258. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -27.39%. 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). Planet Green Holdings Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Planet Green Holdings Corp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0355 between high and low, or 20.88%. For the last week, the stock has had daily average volatility of 15.25%.
Planet Green Holdings Corp is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLAG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Planet Green Holdings Corp to open at $0.185, and during the day (based on 14 day Average True Range), to move between $0.153 and $0.205, which gives a possible trading interval of +/-$0.0257 (+/-14.40%) up or down from last closing price. If Planet Green Holdings Corp takes out the full calculated possible swing range there will be an estimated 28.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.200, some $0.0212 (11.84%) from the current price of $0.179, our system finds the risk reward not very attractive.
Is Planet Green Holdings Corp stock A Buy?
Planet Green Holdings Corp 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: -8.077 Strong Sell Candidate Unchanged
Predicted Opening Price for Planet Green Holdings Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.185 ( 3.33%) | $0.179 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLAG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.220 | 23.18 % | |
| R2 | 0.207 | 15.59 % | ||
| R1 | 0.198 | 10.91 % | ||
| Current price: | 0.179 | |||
| Support | S1 | 0.171 | -4.26 % | |
| S2 | 0.163 | -8.94 % | ||
| S3 | 0.149 | -16.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.202 | 12.68 % | ||
| R1 | 0.200 | 11.84 % | ||
| Current price | 0.179 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PLAG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2007 | Apr 12, 2007 | Oct 01, 2018 | $149.75 | 4,102.75% |
FAQ
Click here for our free guide on how to buy Planet Green Holdings Corp Stock.
