Pioneer Power Solutions 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
Evaluation of Pioneer Power Solutions stock downgraded after the last trading session.
(Updated on May 06, 2024)
No changes to the price of Pioneer Power Solutions stock on the last trading day (Monday, 6th May 2024). During the last trading day the stock fluctuated 3.39% from a day low at $3.84 to a day high of $3.97. The price has fallen in 6 of the last 10 days and is down by -2.78% for this period.
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 -23.24% during the next 3 months and, with a 90% probability hold a price between $2.56 and $4.06 at the end of this 3-month period.
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PPSI Signals & Forecast
There are mixed signals in the stock today. 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 $3.85 and $4.44. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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).
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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.130 between high and low, or 3.39%. For the last week the stock has had daily average volatility of 3.23%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Pioneer Power Solutions to open at $3.88, and during the day (based on 14 day Average True Range), to move between $3.62 and $4.06, which gives a possible trading interval of +/-$0.223 (+/-5.82%) up or down from last closing price. If Pioneer Power Solutions takes out the full calculated possible swing range there will be an estimated 11.64% 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 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. 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: -5.129 Strong Sell Candidate Downgraded
Predicted Opening Price for Pioneer Power Solutions of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $3.88 ( 1.13%) | $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 | 4.01 | 4.51 % | |
| R2 | 3.96 | 3.22 % | ||
| R1 | 3.93 | 2.42 % | ||
| Current price: | 3.84 | |||
| Support | S1 | 3.83 | -0.165 % | |
| S2 | 3.80 | -0.96 % | ||
| S3 | 3.75 | -2.26 % |
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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