PotNetwork Holdings Forecast and Stock Analysis
Technical POTN stock analysis for April 24, 2019.
PotNetwork Holdings fell by -3.05% in the last day from $0.13 to $0.13 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days and is down by -9.61% for this period. Volume has increased in the last day by 2.30 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 5.37 million shares bought and sold for approximately $682 031.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the POTN stock was $0.13. This is 3.05% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 7.11% from a day low at $0.12 to a day high of $0.13.
30 day high of the POTN stock price was $0.18 and low was $0.12.
90 day high was $0.21 and low was $0.10.
52 week high for the PotNetwork Holdings - $0.42 and low - $0.08.
PotNetwork Holdings lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.8% during the next 3 months and, with 90% probability hold a price between $0.11 and $0.20 at the end of this period.
There are few to none technical positive signals at the moment. PotNetwork Holdings holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.14 and $0.15. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday April 11, 2019, which indicates further falls until a new bottom pivot has been found. PotNetwork Holdings gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.11 and $0.10.
There is 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, PotNetwork Holdings finds support just below today's level at $0.11. If this is broken, then the next support from accumulated volume will be at $0.10 and $0.10.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.01 between high and low, or 7.11%. For the last week, the stock has had a daily average volatility of 6.17%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The PotNetwork Holdings stock holds several negative signals and despite the positive trend we believe PotNetwork Holdings will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|POTN $0.13 ($-0.00 -3.05%)|
POTN is down $0.00 today, but where's it headed in 2019?
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