Today WRLSR ranks # as HOLD CANDIDATE.
Today WRLSR ranks # as HOLD CANDIDATE.

WRLSR stock Pensare Acquisition Corp. Right

WRLSR stock
Pensare Acquisition Corp. Right

April 24, 2019
Change 3.14%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will WRLSR stock price go up or down on Fri, 26 Apr 2019?

Pensare Acquisition Corp. Right Forecast and Stock Analysis

Technical WRLSR stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts n/a
Cash n/a
Loans n/a
Beta 1.59
ROA n/a

Pensare Acquisition Corp. Right gained 3.14% in the last trading day, rising from $0.28 to $0.29 The price has risen in 4 of the last 10 days and is up by 3.14% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 13 950 more shares were traded than the day before. In total, 14 350 shares bought and sold for approximately $4 144.28.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the WRLSR stock was $0.29. This is 3.14% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 3.57% from a day low at $0.28 to a day high of $0.29.

30 day high of the WRLSR stock price was $0.33 and low was $0.22.
90 day high was $0.43 and low was $0.22.
52 week high for the Pensare Acquisition Corp. Right - $0.53 and low - $0.18.

Trend

Pensare Acquisition Corp. Right 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 -4.14% during the next 3 months and, with 90% probability hold a price between $0.22 and $0.40 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Pensare Acquisition Corp. Right has rising volume and follows the last lift in the price. This 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. 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 $0.29 and $0.31. A break-up above any of these levels will issue buy signals.

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A buy signal from a double bottom formation was found on Tuesday April 23, 2019 and based on theory for this formation the price should go up by 0.03% to $0.31 within 11 trading days since signal was issued (Wednesday May 08, 2019).

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Pensare Acquisition Corp. Right finds support from accumulated volume at $0.28.

Support: $0.28 Price: $0.29 Resistance: $0.29

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 $0.01 between high and low, or 3.57%. For the last week, the stock has had a daily average volatility of 8.04%.

Our recommended stoploss: $0.27 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Pensare Acquisition Corp. Right holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Today WRLSR ranks # as HOLD CANDIDATE.
Today WRLSR ranks # as HOLD CANDIDATE.