Puration Inc Forecast and Stock Analysis
Technical PURA stock analysis for March 22, 2019.
Puration Inc fell by -5.27% in the last day from $0.09 to $0.08 The price has been going up and down for this period, and there has been a -10.48% loss for the last 2 weeks. Volume has increased in the last day by 1.30 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, 3.90 million shares bought and sold for approximately $329 438.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the PURA stock was $0.08. This is 5.27% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 12.50% from a day low at $0.08 to a day high of $0.09.
30 day high of the PURA stock price was $0.15 and low was $0.07.
90 day high was $0.15 and low was $0.06.
52 week high for the Puration Inc - $0.25 and low - $0.02.
Puration Inc 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 6.98% during the next 3 months and, with 90% probability hold a price between $0.08 and $0.14 at the end of this period.
There are few to none technical positive signals at the moment. Puration Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.09 and $0.08. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Puration Inc 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 36 and the stock is currently not being overbought or oversold
Support & Resistance
Puration Inc finds support from accumulated volume at $0.08.
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 12.50%. For the last week, the stock has had a daily average volatility of 8.45%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Puration Inc stock holds several negative signals and despite the positive trend we believe Puration Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.