Pressure BioSciences, Inc Stock Forecast
High volatility in Pressure BioSciences, Inc stock price on Thursday which ended trading at $0.270
(Updated on Apr 18, 2024)
No changes to the price of Pressure BioSciences, Inc stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 19.87% from a day low at $0.225 to a day high of $0.270. The price has been going up and down for this period, and there has been a 1.81% 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 $0.289 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 -27.53% during the next 3 months and, with a 90% probability hold a price between $0.0771 and $0.210 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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PBIO Signals & Forecast
The Pressure BioSciences, Inc 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 $0.264 and $0.206. 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). 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -9.04%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Pressure BioSciences, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.250 and $0.234. 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, Pressure BioSciences, Inc finds support just below today's level at $0.250. If this is broken, then the next support from accumulated volume will be at $0.234 and $0.230.
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 $0.0447 between high and low, or 19.87%. For the last week, the stock has had daily average volatility of 17.81%.
Our recommended stop-loss: $0.254 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (PBIO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Pressure BioSciences, Inc to open at $0.255, and during the day (based on 14 day Average True Range), to move between $0.230 and $0.309, which gives a possible trading interval of +/-$0.0396 (+/-14.70%) up or down from last closing price. If Pressure BioSciences, Inc takes out the full calculated possible swing range there will be an estimated 29.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.250 (7.30%) than the resistance at $0.290 (7.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pressure BioSciences, Inc stock A Buy?
Pressure BioSciences, 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: 0.652 Hold/Accumulate Unchanged
Predicted Opening Price for Pressure BioSciences, Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.255 ( 5.52%) | $0.270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.300 | 11.05 % | |
| R2 | 0.282 | 4.72 % | ||
| R1 | 0.272 | 0.81 % | ||
| Current price: | 0.270 | |||
| Support | S1 | 0.238 | -11.86 % | |
| S2 | 0.227 | -15.77 % | ||
| S3 | 0.210 | -22.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.316 | 17.17 % | |
| R2 | 0.300 | 11.23 % | ||
| R1 | 0.290 | 7.53 % | ||
| Current price | 0.270 | |||
| Support | S1 | 0.250 | -7.30% | |
| S2 | 0.234 | -13.35% | ||
| S3 | 0.230 | -14.72% |
FAQ
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