Pervasip Corporation Stock Forecast
Big movements in Pervasip Corporation stock price on Friday moving 33.33% between high and low
(Updated on May 10, 2024)
The Pervasip Corporation stock price fell by -12.50% on the last day (Friday, 10th May 2024) from $0.0004 to $0.0004. During the last trading day the stock fluctuated 33.33% from a day low at $0.0003 to a day high of $0.0004. The price has been going up and down for this period, and there has been a -12.5% loss 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 -372 thousand shares and in total, 3 million shares were bought and sold for approximately $948.68 .
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 -13.75% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0004 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PVSP Signals & Forecast
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. The Pervasip Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -30.00%. Further fall is indicated until a new bottom pivot has been found. 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. 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 Wednesday, May 08, 2024 and based on theory for this formation the price should fall by -24.37% to $0.0003 within 17 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Pervasip Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0001 between high and low, or 33.33%. For the last week the stock has had daily average volatility of 31.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PVSP) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Pervasip Corporation to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0004, which gives a possible trading interval of +/-$0.00009037 (+/-25.82%) up or down from last closing price. If Pervasip Corporation takes out the full calculated possible swing range there will be an estimated 51.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (14.29%) than the support at $0.0003 (14.29%), 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 Pervasip Corporation stock A Buy?
Pervasip Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.119 Strong Sell Candidate Downgraded
Predicted Opening Price for Pervasip Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0004 ( 0%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PVSP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 28.57 % | |
| R2 | 0.0004 | 17.66 % | ||
| R1 | 0.0004 | 10.91 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -10.91 % | |
| S2 | 0.0003 | -17.66 % | ||
| S3 | 0.0003 | -28.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0004 | 14.29 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0003 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Pervasip Corporation Stock.
