Prairie Provident Resources Inc. Stock Forecast
Prairie Provident Resources Inc. stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Prairie Provident Resources Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0443 to a day high of $0.0443. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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 -19.35% during the next 3 months and, with a 90% probability hold a price between $0.0295 and $0.0394 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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PRPRF Signals & Forecast
The Prairie Provident Resources Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0443 and $0.0438. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 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. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Prairie Provident Resources Inc. stock
Prairie Provident Resources Inc. finds support from accumulated volume at $0.0440 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0416 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (PRPRF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Prairie Provident Resources Inc. to open at $0.0443, and during the day (based on 14 day Average True Range), to move between $0.0435 and $0.0451, which gives a possible trading interval of +/-$0.0008 (+/-1.86%) up or down from last closing price. If Prairie Provident Resources Inc. takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0440 (0.68%) than the resistance at $0.0452 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prairie Provident Resources Inc. stock A Buy?
Prairie Provident Resources Inc. 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Prairie Provident Resources Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0443 ( 0%) | $0.0443 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRPRF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0443 | - |
| R2 | 0.0443 | - |
| R1 | 0.0443 | - |
| Price | 0.0443 | |
| S1 | 0.0443 | - |
| S2 | 0.0443 | - |
| S3 | 0.0443 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0492 | 11.06% |
| R2 | 0.0470 | 6.09% |
| R1 | 0.0452 | 2.03% |
| Price | 0.0443 | |
| S1 | 0.0440 | -0.677% |
| S2 | 0.0400 | -9.71% |
| S3 | 0.0398 | -10.16% |
PRPRF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2015 | Nov 10, 2015 | Nov 10, 2015 | $0.0200 | 1.65% |
| 2 | Aug 12, 2015 | Aug 12, 2015 | Aug 12, 2015 | $0.0200 | 1.26% |
| 3 | May 13, 2015 | May 13, 2015 | May 13, 2015 | $0.0200 | 0.588% |
| 4 | Feb 12, 2015 | Feb 12, 2015 | Feb 12, 2015 | $0.0300 | 1.01% |
| 5 | Nov 12, 2014 | Nov 12, 2014 | Nov 12, 2014 | $0.0700 | 0.93% |
FAQ
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