Pioneer Power Solutions Stock Forecast
On Thursday, Pioneer Power Solutions stock price gained an impressive 6.52%
(Updated on Apr 25, 2024)
The Pioneer Power Solutions stock price gained 6.52% on the last trading day (Thursday, 25th Apr 2024), rising from $3.68 to $3.92. During the last trading day the stock fluctuated 7.95% from a day low at $3.65 to a day high of $3.94. The price has fallen in 6 of the last 10 days and is down by -10.71% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 100 thousand shares were bought and sold for approximately $393.42 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 $3.56 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.59% during the next 3 months and, with a 90% probability hold a price between $2.97 and $4.68 at the end of this 3-month period.
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PPSI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.40%. 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). Pioneer Power Solutions has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pioneer Power Solutions 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 $4.80. On a fall, the stock will find some support from the short-term average at $3.77. 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.
Support, Risk & Stop-loss for Pioneer Power Solutions stock
Pioneer Power Solutions finds support from accumulated volume at $3.76 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 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 $0.290 between high and low, or 7.95%. For the last week, the stock has had daily average volatility of 7.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPSI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Pioneer Power Solutions to open at $3.84, and during the day (based on 14 day Average True Range), to move between $3.63 and $4.21, which gives a possible trading interval of +/-$0.286 (+/-7.30%) up or down from last closing price. If Pioneer Power Solutions takes out the full calculated possible swing range there will be an estimated 14.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.76 (4.08%) than the resistance at $4.28 (9.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pioneer Power Solutions stock A Buy?
Pioneer Power Solutions holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.788 Sell Candidate Unchanged
Predicted Opening Price for Pioneer Power Solutions of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $3.84 ( 2.13%) | $3.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.13 | 5.27 % | |
| R2 | 4.02 | 2.45 % | ||
| R1 | 3.95 | 0.700 % | ||
| Current price: | 3.92 | |||
| Support | S1 | 3.73 | -4.95 % | |
| S2 | 3.66 | -6.70 % | ||
| S3 | 3.55 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.58 | 16.84 % | |
| R2 | 4.53 | 15.56 % | ||
| R1 | 4.28 | 9.18 % | ||
| Current price | 3.92 | |||
| Support | S1 | 3.76 | -4.08% | |
| S2 | 3.71 | -5.36% | ||
| S3 | 3.68 | -6.12% |
PPSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2021 | Jun 21, 2021 | Jul 07, 2021 | $0.120 | 2.75% |
| 2 | Sep 06, 2019 | Oct 08, 2019 | Oct 07, 2019 | $1.37 | 29.27% |
FAQ
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