Physiomics Stock Forecast
Red day on Wednesday for Physiomics stock after losing 3.23%
(Updated on May 01, 2024)
The Physiomics stock price fell by -3.23% on the last day (Wednesday, 1st May 2024) from £1.55 to £1.50. During the last trading day the stock fluctuated 4.67% from a day low at £1.50 to a day high of £1.57. The price has risen in 5 of the last 10 days and is up by 30.43% over the past 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 -595 thousand shares and in total, 268 thousand shares were bought and sold for approximately £402.09 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £1.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.06% during the next 3 months and, with a 90% probability hold a price between £0.97 and £1.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PYC.L Signals & Forecast
The Physiomics stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £1.51. On a fall, the stock will find some support from the long-term average at approximately £1.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 30, 2024, and so far it has fallen -3.23%. 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.
Support, Risk & Stop-loss for Physiomics stock
On the downside, the stock finds support just below today's level from accumulated volume at £1.40 and £1.35. 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, Physiomics finds support just below today's level at £1.40. If this is broken, then the next support from accumulated volume will be at £1.35 and £1.30.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0700 between high and low, or 4.67%. For the last week the stock has had daily average volatility of 9.77%.
Our recommended stop-loss: £1.43 (-4.83%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PYC.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Physiomics to open at £1.52, and during the day (based on 14 day Average True Range), to move between £1.35 and £1.65, which gives a possible trading interval of +/-£0.150 (+/-9.98%) up or down from last closing price. If Physiomics takes out the full calculated possible swing range there will be an estimated 19.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1.55 (3.33%) than the support at £1.40 (6.67%), 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 Physiomics stock A Buy?
Physiomics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.685 Hold/Accumulate Unchanged
Predicted Opening Price for Physiomics of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £1.52 ( 1.56%) | £1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PYC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.59 | 6.22 % | |
| R2 | 1.57 | 4.44 % | ||
| R1 | 1.55 | 3.34 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.50 | -0.227 % | |
| S2 | 1.48 | -1.33 % | ||
| S3 | 1.45 | -3.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.60 | 6.63 % | |
| R2 | 1.57 | 4.67 % | ||
| R1 | 1.55 | 3.33 % | ||
| Current price | 1.50 | |||
| Support | S1 | 1.40 | -6.67% | |
| S2 | 1.35 | -10.00% | ||
| S3 | 1.30 | -13.33% |
FAQ
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