Psq Holdings, 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
High volatility in Psq Holdings, Inc. stock price on Friday which ended trading at $3.77
(Updated on Jun 28, 2024)
The Psq Holdings, Inc. stock price fell by -6.68% on the last day (Friday, 28th Jun 2024) from $4.04 to $3.77. During the last trading day the stock fluctuated 13.57% from a day low at $3.61 to a day high of $4.10. The price has been going up and down for this period, and there has been a 10.23% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 93 thousand shares were bought and sold for approximately $350.46 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 -27.50% during the next 3 months and, with a 90% probability hold a price between $2.09 and $2.91 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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PSQH Signals & Forecast
The Psq Holdings, 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 $3.56 and $3.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 25.67%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Psq Holdings, Inc. stock
Psq Holdings, Inc. finds support from accumulated volume at $3.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.490 between high and low, or 13.57%. For the last week the stock has had daily average volatility of 11.58%.
Our recommended stop-loss: $3.62 (-3.86%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (PSQH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Psq Holdings, Inc. to open at $3.83, and during the day (based on 14 day Average True Range), to move between $3.47 and $4.07, which gives a possible trading interval of +/-$0.296 (+/-7.86%) up or down from last closing price. If Psq Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 15.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.73 (1.06%) than the resistance at $4.00 (6.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Psq Holdings, Inc. stock A Buy?
Psq Holdings, 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: 0.812 Hold/Accumulate Unchanged
Predicted Opening Price for Psq Holdings, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.83 ( 1.50%) | $3.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSQH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.32 | 14.50% |
| R2 | 4.13 | 9.54% |
| R1 | 4.01 | 6.47% |
| Price | 3.77 | |
| S1 | 3.64 | -3.46% |
| S2 | 3.52 | -6.53% |
| S3 | 3.34 | -11.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.14 | 9.81% |
| R2 | 4.01 | 6.37% |
| R1 | 4.00 | 6.10% |
| Price | 3.77 | |
| S1 | 3.73 | -1.06% |
| S2 | 3.66 | -2.92% |
| S3 | 3.38 | -10.34% |
FAQ
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