Powerup Acquisition Corp. Stock Forecast

Volatile ride for Powerup Acquisition Corp. stock price on Tuesday moving between $0.0276 and $0.0329
(Updated on Jul 02, 2024)

PWUPW Signals & Forecast

There are few to no technical positive signals at the moment. The Powerup Acquisition Corp. 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 $0.0409 and $0.0354. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -30.29%. 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). Powerup Acquisition Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Powerup Acquisition Corp. stock

Powerup Acquisition Corp. finds support from accumulated volume at $0.0311 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 $0.0053 between high and low, or 19.20%. For the last week, the stock has had daily average volatility of 13.67%.

Our recommended stop-loss: $0.0297 (-5.16%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (PWUPW) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Powerup Acquisition Corp. to open at $0.0306, and during the day (based on 14 day Average True Range), to move between $0.0247 and $0.0379, which gives a possible trading interval of +/-$0.0066 (+/-21.15%) up or down from last closing price. If Powerup Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 42.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0311 (0.64%) than the resistance at $0.0321 (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Powerup Acquisition Corp. stock A Buy?

Powerup Acquisition Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Powerup Acquisition Corp. of Wednesday, July 3, 2024

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