Peloton Minerals Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Peloton Minerals Corporation stock price on Friday moving between $0.0750 and $0.0900
(Updated on Jun 14, 2024)
The Peloton Minerals Corporation stock price fell by -10.00% on the last day (Friday, 14th Jun 2024) from $0.100 to $0.0900. During the last trading day the stock fluctuated 20.00% from a day low at $0.0750 to a day high of $0.0900. The price has been going up and down for this period, and there has been a -18.18% loss for the last 2 weeks. Volume has increased on the last day by 39 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, 39 thousand shares were bought and sold for approximately $3.51 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 $0.0860 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.91% during the next 3 months and, with a 90% probability hold a price between $0.0826 and $0.114 at the end of this 3-month period.
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PMC.CN Signals & Forecast
There are few to no technical positive signals at the moment. The Peloton Minerals Corporation 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 $0.0986 and $0.110. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -25.00%. 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). Peloton Minerals Corporation 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 Peloton Minerals Corporation 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 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 $0.0150 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 6.11%.
Peloton Minerals Corporation is oversold on RSI14 (14). 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: $0.0849 (-5.72%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 14 which reduces the risk some. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (PMC.CN) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Peloton Minerals Corporation to open at $0.0850, and during the day (based on 14 day Average True Range), to move between $0.0848 and $0.0952, which gives a possible trading interval of +/-$0.0052 (+/-5.79%) up or down from last closing price. If Peloton Minerals Corporation takes out the full calculated possible swing range there will be an estimated 11.58% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0950, some $0.0050 (5.56%) from the current price of $0.0900, our system finds the risk reward not very attractive.
Is Peloton Minerals Corporation stock A Buy?
Peloton Minerals Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Peloton Minerals Corporation of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0850 ( 5.56%) | $0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PMC.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.100 | 11.11% |
| R2 | 0.0943 | 4.74% |
| R1 | 0.0907 | 0.81% |
| Price | 0.0900 | |
| S1 | 0.0793 | -11.92% |
| S2 | 0.0757 | -15.86% |
| S3 | 0.0700 | -22.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | 22.22% |
| R2 | 0.105 | 16.67% |
| R1 | 0.0950 | 5.56% |
| Price | 0.0900 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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