Propanc Biopharma Inc Stock Forecast
High volatility in Propanc Biopharma Inc stock price on Friday which ended trading at $0.0010
(Updated on Apr 26, 2024)
The Propanc Biopharma Inc stock price fell by -9.09% on the last day (Friday, 26th Apr 2024) from $0.0011 to $0.0010. During the last trading day the stock fluctuated 15.79% from a day low at $0.0010 to a day high of $0.0011. The price has fallen in 5 of the last 10 days and is down by -41.18% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately $3.35 thousand.
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 -68.11% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0007 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PPCB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Propanc Biopharma 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 $0.0011 and $0.0023. A break-up above any of these levels will issue buy signals. Propanc Biopharma 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 Propanc Biopharma 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 15.79%. For the last week, the stock has had daily average volatility of 21.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPCB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Propanc Biopharma Inc to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0015, which gives a possible trading interval of +/-$0.0005 (+/-54.04%) up or down from last closing price. If Propanc Biopharma Inc takes out the full calculated possible swing range there will be an estimated 108.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0011, some $0.00005 (5.00%) from the current price of $0.0010, our system finds the risk reward not very attractive.
Is Propanc Biopharma Inc stock A Buy?
Propanc Biopharma 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.422 Strong Sell Candidate Downgraded
Predicted Opening Price for Propanc Biopharma Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0010 ( 1.67%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPCB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0012 | 16.67 % | |
| R2 | 0.0011 | 10.94 % | ||
| R1 | 0.0011 | 7.40 % | ||
| Current price: | 0.0010 | |||
| Support | S1 | 0.0010 | -4.06 % | |
| S2 | 0.0009 | -7.60 % | ||
| S3 | 0.0009 | -13.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0012 | 20.00 % | |
| R2 | 0.0011 | 10.00 % | ||
| R1 | 0.0011 | 5.00 % | ||
| Current price | 0.0010 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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