Pharmacyt Biotch Stock Forecast

Red day on Friday for Pharmacyt Biotch
(Updated on May 03, 2024)

PMCB Signals & Forecast

There are mixed signals in the stock today. The Pharmacyt Biotch 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 $2.12 and $2.26. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for Pharmacyt Biotch stock

Pharmacyt Biotch finds support from accumulated volume at $2.06 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0900 between high and low, or 4.29%. For the last week the stock has had daily average volatility of 3.97%.

Our recommended stop-loss: $1.98 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (PMCB) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Pharmacyt Biotch to open at $2.13, and during the day (based on 14 day Average True Range), to move between $2.00 and $2.22, which gives a possible trading interval of +/-$0.110 (+/-5.21%) up or down from last closing price. If Pharmacyt Biotch takes out the full calculated possible swing range there will be an estimated 10.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.14 (1.42%) than the support at $2.06 (2.37%), 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 Pharmacyt Biotch stock A Buy?

Pharmacyt Biotch holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.062 Hold/Accumulate Unchanged

Predicted Opening Price for Pharmacyt Biotch of Monday, May 6, 2024

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