Poolbeg Pharma PLC 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
Stronger technical forecast for Poolbeg Pharma PLC stock price after Friday trading.
(Updated on Jun 28, 2024)
The Poolbeg Pharma PLC stock price gained 1.65% on the last trading day (Friday, 28th Jun 2024), rising from £12.75 to £12.96. During the last trading day the stock fluctuated 4.69% from a day low at £12.80 to a day high of £13.40. The price has fallen in 6 of the last 10 days and is down by -6.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £14.09 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £12.46 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.59% during the next 3 months and, with a 90% probability hold a price between £15.90 and £21.84 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
POLB.L Signals & Forecast
There are mixed signals in the stock today. The Poolbeg Pharma PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £13.22. On a fall, the stock will find some support from the short-term average at £12.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -13.02%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Poolbeg Pharma PLC stock
Poolbeg Pharma PLC finds support from accumulated volume at £12.80 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 £0.600 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 4.53%.
Our recommended stop-loss: £12.16 (-6.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 77 days ago.)
Trading Expectations (POLB.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Poolbeg Pharma PLC to open at £13.05, and during the day (based on 14 day Average True Range), to move between £12.32 and £13.60, which gives a possible trading interval of +/-£0.642 (+/-4.96%) up or down from last closing price. If Poolbeg Pharma PLC takes out the full calculated possible swing range there will be an estimated 9.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £12.80 (1.23%) than the resistance at £13.20 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Poolbeg Pharma PLC stock A Buy?
Poolbeg Pharma PLC 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. 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 Poolbeg Pharma PLC of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £13.05 ( 0.720%) | £12.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POLB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.65 | 5.35% |
| R2 | 13.42 | 3.58% |
| R1 | 13.28 | 2.49% |
| Price | 12.96 | |
| S1 | 12.82 | -1.05% |
| S2 | 12.68 | -2.14% |
| S3 | 12.45 | -3.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.90 | 14.97% |
| R2 | 13.35 | 3.01% |
| R1 | 13.20 | 1.85% |
| Price | 12.96 | |
| S1 | 12.80 | -1.23% |
| S2 | 12.75 | -1.62% |
| S3 | 12.05 | -7.02% |
FAQ
Click here for our free guide on how to buy Poolbeg Pharma PLC Stock.
