NASDAQ:WRLSW
Delisted

Pensare Acquisition Corp. Warrant Stock Forecast

$0.330
+0 (+0%)
At Close: Jan 09, 2020
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Pensare Acquisition Corp. Warrant stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jan 09, 2020)

Buy or Hold candidate since Nov 05, 2019 Gain 0.30% PDF

No changes to the price of Pensare Acquisition Corp. Warrant stock on the last trading day (Thursday, 9th Jan 2020). During the last trading day the stock fluctuated 0% from a day low at $0.330 to a day high of $0.330. The price has been going up and down for this period, and there has been a 3.13% gain for the last 2 weeks.

The stock 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 2.03% during the next 3 months and, with a 90% probability hold a price between $0.307 and $0.404 at the end of this 3-month period.

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WRLSW Signals & Forecast

The Pensare Acquisition Corp. Warrant stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.316 and $0.272. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely 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. A sell signal was issued from a pivot top point on Tuesday, December 31, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Pensare Acquisition Corp. Warrant stock

Pensare Acquisition Corp. Warrant finds support from accumulated volume at $0.326 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 40.93%.

Our recommended stop-loss: $0.309 (-6.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (WRLSW) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Pensare Acquisition Corp. Warrant to open at $0.330, and during the day (based on 14 day Average True Range), to move between $0.273 and $0.387, which gives a possible trading interval of +/-$0.0568 (+/-17.21%) up or down from last closing price. If Pensare Acquisition Corp. Warrant takes out the full calculated possible swing range there will be an estimated 34.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.326 (1.21%) than the resistance at $0.334 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pensare Acquisition Corp. Warrant stock A Buy?

Pensare Acquisition Corp. Warrant holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Pensare Acquisition Corp. Warrant of Friday, January 10, 2020

Fair opening price January 10, 2020 Current price
$0.330 ( 0%) $0.330

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WRLSW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.330 .
R2 0.330 .
R1 0.330 .
Current price: 0.330
Support S1 0.330 .
S2 0.330 .
S3 0.330 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.390 18.18 %
R2 0.340 3.03 %
R1 0.334 1.33 %
Current price 0.330
Support S1 0.326 -1.21%
S2 0.320 -3.03%
S3 0.300 -9.09%

FAQ

What is the symbol for Pensare Acquisition Corp. Warrant Stock and on which exchange is it traded?
The symbol for Pensare Acquisition Corp. Warrant is WRLSW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Pensare Acquisition Corp. Warrant Stock?
Pensare Acquisition Corp. Warrant holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Pensare Acquisition Corp. Warrant Stock?
Pensare Acquisition Corp. Warrant Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pensare Acquisition Corp. Warrant Stock.

What's the current price of Pensare Acquisition Corp. Warrant Stock?
As of the end of day on the 2020-01-09, the price of an Pensare Acquisition Corp. Warrant (WRLSW) share was $0.330.

What is the 52-week high and low for Pensare Acquisition Corp. Warrant Stock?
The 52-week high for Pensare Acquisition Corp. Warrant Stock is $0.400 and the 52-week low is $0.110.
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