Plum Acquisition Corp. Iii Stock Forecast

Weaker technical forecast for Plum Acquisition Corp. Iii as stock downgraded to Sell Candidate.
(Updated on Jun 24, 2024)

PLMJW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $0.0993 and $0.105. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Plum Acquisition Corp. Iii stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0800 and $0.0783. 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, Plum Acquisition Corp. Iii finds support just below today's level at $0.0800. If this is broken, then the next support from accumulated volume will be at $0.0783 and $0.0700.

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 (PLMJW) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Plum Acquisition Corp. Iii to open at $0.0900, and during the day (based on 14 day Average True Range), to move between $0.0712 and $0.109, which gives a possible trading interval of +/-$0.0188 (+/-20.87%) 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 41.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0800 (11.11%) than the resistance at $0.102 (13.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.891 Sell Candidate Downgraded

Predicted Opening Price for Plum Acquisition Corp. Iii of Tuesday, June 25, 2024

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