PreveCeutical Medical Inc. 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
Big movements in PreveCeutical Medical Inc. stock price on Friday moving 11.89% between high and low
(Updated on May 17, 2024)
The PreveCeutical Medical Inc. stock price fell by -5.33% on the last day (Friday, 17th May 2024) from $0.0169 to $0.0160. During the last trading day the stock fluctuated 11.89% from a day low at $0.0143 to a day high of $0.0160. The price has risen in 4 of the last 10 days and is up by 45.45% over the past 2 weeks. Volume has increased on the last day by 84 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, 95 thousand shares were bought and sold for approximately $1.52 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 -2.19% during the next 3 months and, with a 90% probability hold a price between $0.0107 and $0.0184 at the end of this 3-month period.
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PRVCF Signals & Forecast
The PreveCeutical Medical Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0158 and $0.0158. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -5.33%. Further fall is indicated until a new bottom pivot has been found. PreveCeutical Medical 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.
A sell signal from a double top formation was found on Monday, April 15, 2024 and based on theory for this formation the price should fall by -9.69% to $0.0145 within 4 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for PreveCeutical Medical Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0147 and $0.0146. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PreveCeutical Medical Inc. finds support just below today's level at $0.0147. If this is broken, then the next support from accumulated volume will be at $0.0146 and $0.0145.
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 $0.0017 between high and low, or 11.89%. For the last week, the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRVCF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect PreveCeutical Medical Inc. to open at $0.0154, and during the day (based on 14 day Average True Range), to move between $0.0144 and $0.0176, which gives a possible trading interval of +/-$0.0016 (+/-10.03%) up or down from last closing price. If PreveCeutical Medical Inc. takes out the full calculated possible swing range there will be an estimated 20.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0168 (4.69%) than the support at $0.0147 (8.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PreveCeutical Medical Inc. stock A Buy?
PreveCeutical Medical Inc. 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 Buy to a Sell candidate.
Current score: -1.495 Sell Candidate Downgraded
Predicted Opening Price for PreveCeutical Medical Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0154 ( 3.54%) | $0.0160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRVCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0171 | 7.08 % | |
| R2 | 0.0165 | 3.02 % | ||
| R1 | 0.0161 | 0.517 % | ||
| Current price: | 0.0160 | |||
| Support | S1 | 0.0148 | -7.60 % | |
| S2 | 0.0144 | -10.11 % | ||
| S3 | 0.0137 | -14.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0190 | 18.75 % | |
| R2 | 0.0185 | 15.63 % | ||
| R1 | 0.0168 | 4.69 % | ||
| Current price | 0.0160 | |||
| Support | S1 | 0.0147 | -8.13% | |
| S2 | 0.0146 | -8.75% | ||
| S3 | 0.0145 | -9.69% |
FAQ
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