DRONE GUARDER INC Stock Forecast
Volatile ride for DRONE GUARDER INC stock price on Wednesday moving between $0.0002 and $0.0003
(Updated on Mar 27, 2024)
No changes to the price of DRONE GUARDER INC stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 50.00% from a day low at $0.0002 to a day high of $0.0003. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks.
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 -11.94% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0003 at the end of this 3-month period.
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DRNG Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DRONE GUARDER INC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -25.00%. 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).
Support, Risk & Stop-loss for DRONE GUARDER INC stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0001 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 50.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DRNG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect DRONE GUARDER INC to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.0001 (+/-38.88%) up or down from last closing price. If DRONE GUARDER INC takes out the full calculated possible swing range there will be an estimated 77.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0003 (13.33%) than the support at $0.0003 (16.67%), 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 DRONE GUARDER INC stock A Buy?
DRONE GUARDER INC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.040 Strong Sell Candidate Downgraded
Predicted Opening Price for DRONE GUARDER INC of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.0003 ( 11.11%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRNG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0004 | 22.22 % | |
R2 | 0.0003 | 9.49 % | ||
R1 | 0.0003 | 1.62 % | ||
Current price: | 0.0003 | |||
Support | S1 | 0.0002 | -23.84 % | |
S2 | 0.0002 | -31.71 % | ||
S3 | 0.0002 | -44.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.0004 | 16.67 % | ||
R1 | 0.0003 | 13.33 % | ||
Current price | 0.0003 | |||
Support | S1 | 0.0003 | -16.67% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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