What’s the short term outlook for PDYN

The short-term outlook for Palladyne AI (PDYN) appears to be bearish, considering the following factors:

1. **Current Price Trend**: The stock is positioned between narrow support and narrow resistance levels, indicating a potential for price swings. The current price trend is bearish, with the stock trading between narrow resistance and wide resistance levels.
2. **Forecasted Price Trend**: The forecast for PDYN's price trend is a swing, with a hold advice. The stock has a historical win rate of 62.35% for this type of forecast, suggesting that the bearish trend may experience some volatility but with a likelihood of returning to its recent range.
3. **Support and Resistance Levels**: The stock is currently positioned between the narrow support level of $9.25 and the narrow resistance level of $12.86. The bearish trend is likely to continue as long as the stock remains within this range.

4. **Closing Price and Trading Volume**: The closing price of PDYN on February 14, 2025, was $9.32, representing a significant drop from the previous day's closing price of $10.67. The trading volume was 5.44 million shares, which could indicate increased selling pressure.

|Ticker|Name|Date|Closing Price|Trading Volume|code|market_code|
|---|---|---|---|---|---|---|
|PDYN.O|Palladyne AI|20250214|9.32|5438480|PDYN|185|

5. **Market Sentiment**: Despite the bearish outlook, there is some positive sentiment surrounding PDYN. Alliance Global Partners has issued a buy rating with a price target of $15, suggesting that some analysts believe the stock has potential in the medium term.

In conclusion, while there is some potential for a price rebound, the current bearish trend is likely to continue in the short term. Investors should exercise caution and consider the bearish outlook when making trading decisions for PDYN.