Power REIT Stock Forecast
Green day on Thursday for Power REIT
(Updated on May 02, 2024)
The Power REIT stock price gained 0.382% on the last trading day (Thursday, 2nd May 2024), rising from $0.498 to $0.500. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.36% from a day low at $0.470 to a day high of $0.500. The price has risen in 5 of the last 10 days but is still down by -1.98% for this period. Volume fell on the last day by -37 thousand shares and in total, 37 thousand shares were bought and sold for approximately $18.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -16.80% during the next 3 months and, with a 90% probability hold a price between $0.339 and $0.605 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 Monday, April 29, 2024, and so far it has risen 20.46%. 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. The Power REIT 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 $0.563. On a fall, the stock will find some support from the short-term average at $0.473. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Power REIT stock
Power REIT finds support from accumulated volume at $0.498 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 $0.0299 between high and low, or 6.36%. For the last week the stock has had daily average volatility of 17.54%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Power REIT to open at $0.490, and during the day (based on 14 day Average True Range), to move between $0.445 and $0.555, which gives a possible trading interval of +/-$0.0547 (+/-10.94%) up or down from last closing price. If Power REIT takes out the full calculated possible swing range there will be an estimated 21.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.498 (0.38%) than the resistance at $0.521 (4.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Power REIT stock A Buy?
Power REIT 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: -1.837 Sell Candidate Unchanged
Predicted Opening Price for Power REIT of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.490 ( 1.98%) | $0.500 |
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 | 0.520 | 4.00 % | |
| R2 | 0.508 | 1.72 % | ||
| R1 | 0.501 | 0.304 % | ||
| Current price: | 0.500 | |||
| Support | S1 | 0.479 | -4.27 % | |
| S2 | 0.472 | -5.68 % | ||
| S3 | 0.460 | -7.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.614 | 22.86 % | |
| R2 | 0.577 | 15.44 % | ||
| R1 | 0.521 | 4.12 % | ||
| Current price | 0.500 | |||
| Support | S1 | 0.498 | -0.380% | |
| S2 | 0.450 | -9.96% | ||
| S3 | 0.436 | -12.82% |
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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