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AI Analysis of PYC.AX
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Green day on Wednesday for Phylogica Limited stock after gaining 4.17%
(Updated on Jun 26, 2024)

Buy or Hold candidate since Jun 13, 2024 Gain 19.05% PDF

The Phylogica Limited stock price gained 4.17% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.120 to $0.125. During the last trading day the stock fluctuated 8.70% from a day low at $0.115 to a day high of $0.125. The price has risen in 5 of the last 10 days and is up by 25% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $148.67 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.79% during the next 3 months and, with a 90% probability hold a price between $0.135 and $0.176 at the end of this 3-month period.

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PYC.AX Signals & Forecast

The Phylogica Limited 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 $0.122 and $0.108. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -7.41%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

Support, Risk & Stop-loss for Phylogica Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.105 and $0.100. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Phylogica Limited finds support just below today's level at $0.105. If this is broken, then the next support from accumulated volume will be at $0.100 and $0.0970.

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 $0.0100 between high and low, or 8.70%. For the last week the stock has had daily average volatility of 8.27%.

Our recommended stop-loss: $0.118 (-5.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (PYC.AX) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Phylogica Limited to open at $0.122, and during the day (based on 14 day Average True Range), to move between $0.116 and $0.134, which gives a possible trading interval of +/-$0.0093 (+/-7.43%) up or down from last closing price. If Phylogica Limited takes out the full calculated possible swing range there will be an estimated 14.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.135 (8.00%) than the support at $0.105 (16.00%), 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 Phylogica Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Phylogica Limited stock to perform well in the short-term.

Current score: 2.786 Buy Candidate Unchanged

Predicted Opening Price for Phylogica Limited of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
$0.122 ( 2.67%) $0.125

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

Trading levels for PYC.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.132 5.33%
R2 0.128 2.28%
R1 0.125 0.389%
Price 0.125
S1 0.118 -5.72%
S2 0.115 -7.61%
S3 0.112 -10.67%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0.135 8.00%
Price 0.125
S1 0.105 -16.00%
S2 0.100 -20.00%
S3 0.0970 -22.40%

FAQ

What is the symbol for Phylogica Limited Stock and on which exchange is it traded?
The symbol for Phylogica Limited is PYC.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Phylogica Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Phylogica Limited stock to perform well in the short-term.

How to buy Phylogica Limited Stock?
Phylogica Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Phylogica Limited Stock.

What's the current price of Phylogica Limited Stock?
As of the end of day on the Jun 26, 2024, the price of an Phylogica Limited (PYC.AX) share was $0.125.

What is the 52-week high and low for Phylogica Limited Stock?
The 52-week high for Phylogica Limited Stock is $0.135 and the 52-week low is $0.0520.

What is the market capitalization of Phylogica Limited Stock?
As of the Jun 26, 2024, the market capitalization of Phylogica Limited is 583.26M.

When is the next earnings date for Phylogica Limited?
The upcoming earnings date for Phylogica Limited is Jul 24, 2024.
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About Phylogica Limited

Phylogica Limited PYC Therapeutics Limited, a development-stage biotechnology company, engages in the discovery and development of drug solutions in the areas of ribonucleic acid therapeutics in Australia. The company's preclinical development programs include VP-001, drug program for retinitis pigmentosa type 11; and VP-002, a drug program for the treatment of autosomal dominant optic atrophy. It also focuses on the development of programs for retinal and central... PYC.AX Profile

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