Plantx Life Inc Stock Forecast
Big movements in Plantx Life Inc stock price on Tuesday moving 17.18% between high and low
(Updated on May 21, 2024)
The Plantx Life Inc stock price gained 46.19% on the last trading day (Tuesday, 21st May 2024), rising from $0.0105 to $0.0154. During the last trading day the stock fluctuated 17.18% from a day low at $0.0131 to a day high of $0.0154. The price has been going up and down for this period, and there has been a -33.26% loss for the last 2 weeks. Volume fell on the last day by -151 thousand shares and in total, 40 thousand shares were bought and sold for approximately $613.80 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.84% during the next 3 months and, with a 90% probability hold a price between $0.0091 and $0.0293 at the end of this 3-month period.
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PLTXF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 46.19%. 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 Plantx Life 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 $0.0174 and $0.0224. 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 Plantx Life Inc 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 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 $0.0023 between high and low, or 17.18%. For the last week the stock has had daily average volatility of 17.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLTXF) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Plantx Life Inc to open at $0.0146, and during the day (based on 14 day Average True Range), to move between $0.0125 and $0.0182, which gives a possible trading interval of +/-$0.0029 (+/-18.79%) up or down from last closing price. If Plantx Life Inc takes out the full calculated possible swing range there will be an estimated 37.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0178, some $0.0025 (15.96%) from the current price of $0.0154, our system finds the risk reward not very attractive.
Is Plantx Life Inc stock A Buy?
Plantx Life Inc 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: -3.521 Sell Candidate Upgraded
Predicted Opening Price for Plantx Life Inc of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.0146 ( 4.89%) | $0.0154 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLTXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0169 | 9.77 % | |
| R2 | 0.0160 | 4.17 % | ||
| R1 | 0.0155 | 0.713 % | ||
| Current price: | 0.0154 | |||
| Support | S1 | 0.0137 | -10.49 % | |
| S2 | 0.0132 | -13.94 % | ||
| S3 | 0.0124 | -19.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0190 | 23.78 % | |
| R2 | 0.0180 | 17.26 % | ||
| R1 | 0.0178 | 15.96 % | ||
| Current price | 0.0154 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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