Propanc Biopharma Inc Stock Forecast
High volatility in Propanc Biopharma Inc stock price on Thursday which ended trading at $0.0011
(Updated on Apr 25, 2024)
The Propanc Biopharma Inc stock price gained 4.76% on the last trading day (Thursday, 25th Apr 2024), rising from $0.0011 to $0.0011. During the last trading day the stock fluctuated 10.00% from a day low at $0.0010 to a day high of $0.0011. The price has been going up and down for this period, and there has been a -35.29% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 230 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $1.84 thousand.
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 -67.18% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0008 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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PPCB Signals & Forecast
There are mixed signals in the stock today. The Propanc Biopharma 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 $0.0011 and $0.0024. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 10.00%. 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). Propanc Biopharma Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Propanc Biopharma Inc stock
Propanc Biopharma Inc finds support from accumulated volume at $0.0011 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 10.00%. For the last week, the stock has had daily average volatility of 24.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPCB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Propanc Biopharma Inc to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0017, which gives a possible trading interval of +/-$0.0006 (+/-51.95%) up or down from last closing price. If Propanc Biopharma Inc takes out the full calculated possible swing range there will be an estimated 103.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0011 (4.55%) than the resistance at $0.0012 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Propanc Biopharma Inc stock A Buy?
Propanc Biopharma 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 stock.
Current score: -4.356 Sell Candidate Unchanged
Predicted Opening Price for Propanc Biopharma Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.0011 ( 3.03%) | $0.0011 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPCB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0012 | 6.06 % | |
R2 | 0.0011 | 2.59 % | ||
R1 | 0.0011 | 0.442 % | ||
Current price: | 0.0011 | |||
Support | S1 | 0.0010 | -6.50 % | |
S2 | 0.0010 | -8.65 % | ||
S3 | 0.0010 | -12.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.0013 | 18.18 % | ||
R1 | 0.0012 | 9.09 % | ||
Current price | 0.0011 | |||
Support | S1 | 0.0011 | -4.55% | |
S2 | 0.0010 | -9.09% | ||
S3 | 0 | . |
FAQ
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