Polar Power Inc Stock Forecast

Volatile ride for Polar Power Inc stock price on Monday moving between $0.370 and $0.443
(Updated on Apr 15, 2024)

POLA Signals & Forecast

There are few to no technical positive signals at the moment. The Polar Power 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 $0.453 and $0.455. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -39.56%. 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). Polar Power Inc 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 Polar Power Inc stock

Polar Power Inc finds support from accumulated volume at $0.361 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0731 between high and low, or 19.76%. For the last week, the stock has had daily average volatility of 10.60%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (POLA) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Polar Power Inc to open at $0.396, and during the day (based on 14 day Average True Range), to move between $0.320 and $0.431, which gives a possible trading interval of +/-$0.0554 (+/-14.76%) up or down from last closing price. If Polar Power Inc takes out the full calculated possible swing range there will be an estimated 29.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.361 (3.86%) than the resistance at $0.405 (7.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Polar Power Inc stock A Buy?

The Polar Power Inc stock holds several negative signals and despite the positive trend, we believe Polar Power Inc will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.875 Sell Candidate Upgraded

Predicted Opening Price for Polar Power Inc of Tuesday, April 16, 2024

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