Perimeter Medical Imaging AI, Inc. Stock Forecast
Red day on Monday for Perimeter Medical Imaging AI, Inc. stock after losing 0%
(Updated on May 20, 2024)
No changes to the price of Perimeter Medical Imaging AI, Inc. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.420 to a day high of $0.420. The price has been going up and down for this period, and there has been a 26.7% gain for the last 2 weeks.
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 $0.441 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 -48.67% during the next 3 months and, with a 90% probability hold a price between $0.136 and $0.226 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PYNKF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has fallen 0%. 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 Perimeter Medical Imaging AI, Inc. 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 $0.493. On a fall, the stock will find some support from the short-term average at $0.413. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Perimeter Medical Imaging AI, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.374 and $0.361. 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, Perimeter Medical Imaging AI, Inc. finds support just below today's level at $0.374. If this is broken, then the next support from accumulated volume will be at $0.361 and $0.358.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.01%
Our recommended stop-loss: $0.396 (-5.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (PYNKF) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Perimeter Medical Imaging AI, Inc. to open at $0.420, and during the day (based on 14 day Average True Range), to move between $0.403 and $0.437, which gives a possible trading interval of +/-$0.0171 (+/-4.07%) up or down from last closing price. If Perimeter Medical Imaging AI, Inc. takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.426 (1.46%) than the support at $0.374 (10.93%), 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 Perimeter Medical Imaging AI, Inc. stock A Buy?
Perimeter Medical Imaging AI, Inc. 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: 0.000 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 Perimeter Medical Imaging AI, Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.420 ( 0%) | $0.420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PYNKF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.420 | . | |
| R2 | 0.420 | . | ||
| R1 | 0.420 | . | ||
| Current price: | 0.420 | |||
| Support | S1 | 0.420 | . | |
| S2 | 0.420 | . | ||
| S3 | 0.420 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.497 | 18.19 % | |
| R2 | 0.427 | 1.61 % | ||
| R1 | 0.426 | 1.46 % | ||
| Current price | 0.420 | |||
| Support | S1 | 0.374 | -10.93% | |
| S2 | 0.361 | -14.10% | ||
| S3 | 0.358 | -14.84% |
FAQ
Click here for our free guide on how to buy Perimeter Medical Imaging AI, Inc. Stock.
