VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

WRLSR Forecast and Technical Stock Analysis

Sell candidate since 2019-07-16 Gain 0.38%

No changes to the price of Pensare Acquisition Corp. Right in the last trading day ( Thursday, 18th Jul 2019 ). During day the stock fluctuated 33.33% from a day low at $0.12 to a day high of $0.16. The price has risen in 4 of the last 10 days .

Quick summary:

  • 30 day high of the WRLSR stock price was $0.23 and low was $0.12.
  • 90 day high was $0.33 and low was $0.11.
  • 52 week high for the Pensare Acquisition Corp. Right - $0.53 and low - $0.11.
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Trend

Pensare Acquisition Corp. Right lies the upper part of a very wide and falling trend in the short term, and this will 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 $0.18 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 -48.77% during the next 3 months and, with 90% probability hold a price between $0.03 and $0.09 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closly 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. Pensare Acquisition Corp. Right 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 $0.16 and $0.16. A break-up above any of these levels will issue buy signals.

A buy signal from a double bottom formation was found on Tuesday July 16, 2019 and based on theory for this formation the price should go up by 0.02% to $0.18 within 4 trading days since signal was issued (Monday July 22, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 60 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Pensare Acquisition Corp. Right finds support from accumulated volume at $0.16.

Support: $0.16 Price: $0.16 Resistance: $0.17

Risk

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 $0.04 between high and low, or 33.33%. For the last week, the stock has had a daily average volatility of 15.31%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

15.31 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Pensare Acquisition Corp. Right holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Will WRLSR stock price go up or down on Mon, 22 Jul 2019?

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