Polestar Automotive Holding Uk Plc Class ETF Forecast
High volatility in Polestar Automotive Holding Uk Plc Class ETF price on Friday which ended trading at $0.140
(Updated on Jun 28, 2024)
The Polestar Automotive Holding Uk Plc Class ETF price gained 8.44% on the last trading day (Friday, 28th Jun 2024), rising from $0.129 to $0.140. During the last trading day the ETF fluctuated 15.38% from a day low at $0.130 to a day high of $0.150. The price has been going up and down for this period, and there has been a 11.73% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately $13.85 thousand.
The ETFhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.136, a level that may pose a second chance to hit a runner. According to fan-theory $0.171 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PSNYW Signals & Forecast
The Polestar Automotive Holding Uk Plc Class ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 $0.129 and $0.133. 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). Polestar Automotive Holding Uk Plc Class 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. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -6.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Polestar Automotive Holding Uk Plc Class ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $0.130 and $0.125. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Polestar Automotive Holding Uk Plc Class finds support just below today's level at $0.130. If this is broken, then the next support from accumulated volume will be at $0.125 and $0.120.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.0200 between high and low, or 15.38%. For the last week, the ETF has had daily average volatility of 11.99%.
Our recommended stop-loss: $0.134 (-4.26%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (PSNYW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Polestar Automotive Holding Uk Plc Class C-1 Ads (adw) to open at $0.140, and during the day (based on 14 day Average True Range), to move between $0.122 and $0.158, which gives a possible trading interval of +/-$0.0184 (+/-13.12%) up or down from last closing price. If Polestar Automotive Holding Uk Plc Class C-1 Ads (adw) takes out the full calculated possible swing range there will be an estimated 26.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.140 (0.14%) than the support at $0.130 (7.14%), 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 Polestar Automotive Holding Uk Plc Class C-1 Ads (adw) ETF A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.622 Buy Candidate Upgraded
Predicted Opening Price for Polestar Automotive Holding Uk Plc Class C-1 Ads (adw) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.140 ( 0%) | $0.140 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSNYW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.160 | 14.29% |
| R2 | 0.152 | 8.83% |
| R1 | 0.148 | 5.46% |
| Price | 0.140 | |
| S1 | 0.132 | -5.46% |
| S2 | 0.128 | -8.83% |
| S3 | 0.120 | -14.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.150 | 7.14% |
| R2 | 0.144 | 2.86% |
| R1 | 0.140 | 0.143% |
| Price | 0.140 | |
| S1 | 0.130 | -7.14% |
| S2 | 0.125 | -10.71% |
| S3 | 0.120 | -14.29% |
FAQ
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