Pulse Biosciences Inc Stock Forecast
Pulse Biosciences Inc stock price ended at $6.86 on Wednesday, after losing 0%.
(Updated on Apr 24, 2024)
No changes to the price of Pulse Biosciences Inc stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 3.82% from a day low at $6.68 to a day high of $6.94. The price has fallen in 7 of the last 10 days and is down by -7.42% for this period.
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 $6.79 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.74% during the next 3 months and, with a 90% probability hold a price between $5.72 and $8.39 at the end of this 3-month period.
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PLSE Signals & Forecast
There are mixed signals in the stock today. The Pulse Biosciences 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 $7.20 and $8.46. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.146%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
A sell signal from a double top formation was found on Tuesday, March 12, 2024 with a target of $7.50. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Pulse Biosciences Inc stock
Pulse Biosciences Inc finds support from accumulated volume at $6.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.255 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 6.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLSE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Pulse Biosciences Inc to open at $6.83, and during the day (based on 14 day Average True Range), to move between $6.29 and $7.43, which gives a possible trading interval of +/-$0.568 (+/-8.27%) up or down from last closing price. If Pulse Biosciences Inc takes out the full calculated possible swing range there will be an estimated 16.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.85 (0.15%) than the resistance at $7.69 (12.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pulse Biosciences Inc stock A Buy?
Pulse Biosciences Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.185 Strong Sell Candidate Unchanged
Predicted Opening Price for Pulse Biosciences Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $6.83 ( 0.510%) | $6.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.08 | 3.21 % | |
| R2 | 6.98 | 1.79 % | ||
| R1 | 6.92 | 0.91 % | ||
| Current price: | 6.86 | |||
| Support | S1 | 6.73 | -1.93 % | |
| S2 | 6.67 | -2.81 % | ||
| S3 | 6.57 | -4.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.99 | 16.47 % | |
| R2 | 7.82 | 13.99 % | ||
| R1 | 7.69 | 12.10 % | ||
| Current price | 6.86 | |||
| Support | S1 | 6.85 | -0.146% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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