PULSAR HELIUM INC Stock Forecast

High volatility in PULSAR HELIUM INC stock price on Friday which ended trading at $0.85
(Updated on May 17, 2024)

PSRHF Signals & Forecast

There are mixed signals in the stock today. The PULSAR HELIUM INC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.89. On a fall, the stock will find some support from the short-term average at $0.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -27.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). PULSAR HELIUM 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. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for PULSAR HELIUM INC stock

PULSAR HELIUM INC finds support from accumulated volume at $0.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0842 between high and low, or 10.71%. For the last week, the stock has had daily average volatility of 13.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PSRHF) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect PULSAR HELIUM INC to open at $0.83, and during the day (based on 14 day Average True Range), to move between $0.752 and $0.94, which gives a possible trading interval of +/-$0.0930 (+/-11.01%) up or down from last closing price. If PULSAR HELIUM INC takes out the full calculated possible swing range there will be an estimated 22.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.83 (1.78%) than the resistance at $0.87 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PULSAR HELIUM INC stock A Buy?

PULSAR HELIUM 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.

Current score: -1.857 Sell Candidate Unchanged

Predicted Opening Price for PULSAR HELIUM INC of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.