Power REIT Stock Forecast
Green day on Monday for Power REIT stock after gaining 1.39%
(Updated on Apr 22, 2024)
The Power REIT stock price gained 1.39% on the last trading day (Monday, 22nd Apr 2024), rising from $0.510 to $0.517. During the last trading day the stock fluctuated 6.39% from a day low at $0.502 to a day high of $0.534. The price has risen in 4 of the last 10 days but is still down by -0.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $5.22 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.507 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.66% during the next 3 months and, with a 90% probability hold a price between $0.474 and $0.723 at the end of this 3-month period.
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PW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.39%. Further rise is indicated until a new top pivot has been found. Power REIT 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. The Power REIT stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.519 and $0.594. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Power REIT stock
Power REIT finds support from accumulated volume at $0.511 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0321 between high and low, or 6.39%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PW) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Power REIT to open at $0.518, and during the day (based on 14 day Average True Range), to move between $0.467 and $0.567, which gives a possible trading interval of +/-$0.0502 (+/-9.71%) up or down from last closing price. If Power REIT takes out the full calculated possible swing range there will be an estimated 19.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.521 (0.66%) than the support at $0.511 (1.20%), 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 Power REIT stock A Buy?
Power REIT 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.
Current score: -2.391 Sell Candidate Unchanged
Predicted Opening Price for Power REIT of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.518 ( 0.122%) | $0.517 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.550 | 6.33 % | |
| R2 | 0.538 | 3.96 % | ||
| R1 | 0.530 | 2.49 % | ||
| Current price: | 0.517 | |||
| Support | S1 | 0.505 | -2.25 % | |
| S2 | 0.498 | -3.71 % | ||
| S3 | 0.486 | -6.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.614 | 18.78 % | |
| R2 | 0.577 | 11.60 % | ||
| R1 | 0.521 | 0.658 % | ||
| Current price | 0.517 | |||
| Support | S1 | 0.511 | -1.20% | |
| S2 | 0.510 | -1.37% | ||
| S3 | 0 | . |
PW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 03, 2013 | Jan 10, 2013 | Jan 25, 2013 | $0.100 | 0.93% |
| 2 | Sep 12, 2012 | Sep 20, 2012 | Oct 05, 2012 | $0.100 | 1.31% |
| 3 | Jun 14, 2012 | Jun 21, 2012 | Jul 06, 2012 | $0.100 | 1.22% |
| 4 | Mar 09, 2012 | Mar 15, 2012 | Mar 30, 2012 | $0.100 | 1.04% |
| 5 | Dec 09, 2011 | Dec 15, 2011 | Dec 29, 2011 | $0.100 | 0.93% |
FAQ
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