Plum Acquisition Corp. Iii Stock Forecast

Big movements in Plum Acquisition Corp. Iii stock price on Tuesday moving 12.41% between high and low
(Updated on Jul 02, 2024)

PLMJW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 33.00%. 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 Plum Acquisition Corp. Iii 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 $0.0814 and $0.0967. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Plum Acquisition Corp. Iii stock

Plum Acquisition Corp. Iii finds support from accumulated volume at $0.0783 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 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 $0.0099 between high and low, or 12.41%. For the last week the stock has had daily average volatility of 41.38%.

Plum Acquisition Corp. Iii is oversold on RSI14 (28). 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 (PLMJW) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Plum Acquisition Corp. Iii to open at $0.0831, and during the day (based on 14 day Average True Range), to move between $0.0579 and $0.102, which gives a possible trading interval of +/-$0.0219 (+/-27.41%) up or down from last closing price. If Plum Acquisition Corp. Iii takes out the full calculated possible swing range there will be an estimated 54.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0800 (0.25%) than the support at $0.0783 (1.88%), 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 Plum Acquisition Corp. Iii stock A Buy?

Plum Acquisition Corp. Iii 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.430 Sell Candidate Upgraded

Predicted Opening Price for Plum Acquisition Corp. Iii of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.