Pershing Resources Company, 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
On Friday, Pershing Resources Company, Inc. stock price gained an impressive 42.11%
(Updated on Jun 28, 2024)
The Pershing Resources Company, Inc. stock price gained 42.11% on the last trading day (Friday, 28th Jun 2024), rising from $0.0190 to $0.0270. During the last trading day the stock fluctuated 0.372% from a day low at $0.0269 to a day high of $0.0270. The price has fallen in 4 of the last 10 days and is down by -10% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 266 thousand more shares were traded than the day before. In total, 316 thousand shares were bought and sold for approximately $8.54 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 114.45% during the next 3 months and, with a 90% probability hold a price between $0.0277 and $0.0704 at the end of this 3-month period.
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PSGR Signals & Forecast
The Pershing Resources Company, 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 $0.0219 and $0.0228. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 62.65%. Further rise is indicated until a new top pivot has been found. Pershing Resources Company, Inc. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pershing Resources Company, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0225 and $0.0224. 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, Pershing Resources Company, Inc. finds support just below today's level at $0.0225. If this is broken, then the next support from accumulated volume will be at $0.0224 and $0.0210.
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 $0.0001 between high and low, or 0.372%. For the last week, the stock has had daily average volatility of 8.65%.
Our recommended stop-loss: $0.0259 (-4.08%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (PSGR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pershing Resources Company, Inc. to open at $0.0270, and during the day (based on 14 day Average True Range), to move between $0.0233 and $0.0307, which gives a possible trading interval of +/-$0.0037 (+/-13.62%) up or down from last closing price. If Pershing Resources Company, Inc. takes out the full calculated possible swing range there will be an estimated 27.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0290 (7.41%) than the support at $0.0225 (16.67%), 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 Pershing Resources Company, Inc. stock A Buy?
Pershing Resources Company, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.322 Strong Buy Candidate Upgraded
Predicted Opening Price for Pershing Resources Company, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0270 ( 0.123%) | $0.0270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSGR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0271 | 0.247% |
| R2 | 0.0270 | 0.105% |
| R1 | 0.0270 | 0.0180% |
| Price | 0.0270 | |
| S1 | 0.0269 | -0.265% |
| S2 | 0.0269 | -0.352% |
| S3 | 0.0269 | -0.494% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0300 | 11.11% |
| R2 | 0.0299 | 10.74% |
| R1 | 0.0290 | 7.41% |
| Price | 0.0270 | |
| S1 | 0.0225 | -16.67% |
| S2 | 0.0224 | -17.04% |
| S3 | 0.0210 | -22.22% |
FAQ
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