Patriot National Inc Fund Forecast
Red day on Tuesday for Patriot National Inc fund after losing 0%
(Updated on Jan 16, 2018)
No changes to the price of Patriot National Inc fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $0.360 to a day high of $0.360. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fundhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.343, a level that may pose a second chance to hit a runner. According to fan-theory $1.01 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.
PN Signals & Forecast
There are mixed signals in the fund today. The Patriot National Inc fund 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 $0.360 and $0.622. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, November 22, 2017, 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).
Support, Risk & Stop-loss for Patriot National Inc fund
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PN) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Patriot National Inc to open at $0.360, and during the day (based on 14 day Average True Range), to move between $0.329 and $0.391, which gives a possible trading interval of +/-$0.0312 (+/-8.67%) up or down from last closing price. If Patriot National Inc takes out the full calculated possible swing range there will be an estimated 17.35% move between the lowest and the highest trading price during the day.
Is Patriot National Inc fund A Buy?
Patriot National Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -3.593 Sell Candidate Unchanged
Predicted Opening Price for Patriot National Inc of Wednesday, January 17, 2018
Fair opening price January 17, 2018 | Current price |
---|---|
$0.360 ( 0.00000000%) | $0.360 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.360 | 0.00000000 % | |
R2 | 0.360 | 0.00000000 % | ||
R1 | 0.360 | 0.00000000 % | ||
Current price: | 0.360 | |||
Support | S1 | 0.360 | 0.00000000 % | |
S2 | 0.360 | 0.00000000 % | ||
S3 | 0.360 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.360 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Patriot National Inc Fund.