Pioneer Power Solutions Stock Forecast
Pioneer Power Solutions stock price ended at $3.84 on Friday, after losing 1.03%.
(Updated on May 03, 2024)
The Pioneer Power Solutions stock price fell by -1.03% on the last day (Friday, 3rd May 2024) from $3.88 to $3.84. During the last trading day the stock fluctuated 2.37% from a day low at $3.80 to a day high of $3.89. The price has fallen in 6 of the last 10 days but is still up by 2.13% over the past 2 weeks. Volume has increased on the last day by 29 thousand 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, 46 thousand shares were bought and sold for approximately $177.35 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 -22.18% during the next 3 months and, with a 90% probability hold a price between $2.63 and $4.16 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 5.21%. 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 Pioneer Power Solutions 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 $3.86 and $4.49. A break-up above any of these levels will issue buy signals. Pioneer Power Solutions 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".
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 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 $0.0900 between high and low, or 2.37%. For the last week, the stock has had daily average volatility of 3.70%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Pioneer Power Solutions to open at $3.84, and during the day (based on 14 day Average True Range), to move between $3.61 and $4.07, which gives a possible trading interval of +/-$0.230 (+/-6.00%) up or down from last closing price. If Pioneer Power Solutions takes out the full calculated possible swing range there will be an estimated 11.99% 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 (2.08%) than the resistance at $4.28 (11.46%), 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 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.
Current score: -1.259 Sell Candidate Unchanged
Predicted Opening Price for Pioneer Power Solutions of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.84 ( 0%) | $3.84 |
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 | 3.93 | 2.34 % | |
| R2 | 3.90 | 1.45 % | ||
| R1 | 3.87 | 0.90 % | ||
| Current price: | 3.84 | |||
| Support | S1 | 3.81 | -0.90 % | |
| S2 | 3.78 | -1.45 % | ||
| S3 | 3.75 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.58 | 19.27 % | |
| R2 | 4.53 | 17.97 % | ||
| R1 | 4.28 | 11.46 % | ||
| Current price | 3.84 | |||
| Support | S1 | 3.76 | -2.08% | |
| S2 | 3.71 | -3.39% | ||
| S3 | 3.68 | -4.17% |
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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