PsyBio Therapeutics Corp. Stock Forecast
PsyBio Therapeutics Corp. stock price ended at $0.0072 on Friday, after losing 0%.
(Updated on May 31, 2024)
No changes to the price of PsyBio Therapeutics Corp. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0072 to a day high of $0.0072. The price has been going up and down for this period, and there has been a 3.6% gain for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PsyBio Therapeutics Corp. stock with a 90% probability to be traded between $0.0041 and $0.0117 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PSYBF Signals & Forecast
The PsyBio Therapeutics Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0071 and $0.0069. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 -6.94% to $0.0067 within 3 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for PsyBio Therapeutics Corp. stock
PsyBio Therapeutics Corp. finds support from accumulated volume at $0.0070 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0068 (-5.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (PSYBF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect PsyBio Therapeutics Corp. to open at $0.0072, and during the day (based on 14 day Average True Range), to move between $0.0068 and $0.0076, which gives a possible trading interval of +/-$0.0004 (+/-6.03%) up or down from last closing price. If PsyBio Therapeutics Corp. takes out the full calculated possible swing range there will be an estimated 12.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0070 (2.78%) than the resistance at $0.0075 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PsyBio Therapeutics Corp. stock A Buy?
PsyBio Therapeutics Corp. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for PsyBio Therapeutics Corp. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0072 ( 0.00000000%) | $0.0072 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSYBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0072 | 0.00000000 % | |
| R2 | 0.0072 | 0.00000000 % | ||
| R1 | 0.0072 | 0.00000000 % | ||
| Current price: | 0.0072 | |||
| Support | S1 | 0.0072 | 0.00000000 % | |
| S2 | 0.0072 | 0.00000000 % | ||
| S3 | 0.0072 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0079 | 9.72 % | |
| R2 | 0.0079 | 9.03 % | ||
| R1 | 0.0075 | 3.47 % | ||
| Current price | 0.0072 | |||
| Support | S1 | 0.0070 | -2.78% | |
| S2 | 0.0070 | -3.47% | ||
| S3 | 0.0060 | -16.67% |
FAQ
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