PEW stock price prediction for the upcoming months?

The stock price of PEW, GrabAGun Digital Holdings Inc., is forecasted to remain bearish over the upcoming months. Here's a detailed analysis:

1. **Current Price Trend**: The stock is currently below both the wide and narrow support levels, indicating a bearish trend. The current price is $8.35, which is below the resistance level of $16.85 and the support level of $10.82.

2. **Forecasted Price Trend**: The forecast for PEW's price trend is bearish, with a 53.36% historical win rate for this type of forecast. The stock is expected to continue its downward trend, although there is a 80% probability of a clear trend lasting for 4 days.

3. **Support and Resistance Levels**: The stock has support at $10.82 and resistance at $16.85. The current price is below the wide support level, which suggests that the stock is vulnerable to further downward movement.

4. **Market Sentiment**: Despite the bearish forecast, there is significant retail sentiment in favor of GrabAGun, with extremely high levels of chatter on Stocktwits. However, this sentiment has not translated into positive price movements, as the stock has lost more than half its value since its debut on the NYSE.
5. **Company Performance**: GrabAGun has a negative cash flow of $2.85 million for the full year 2024, which could indicate underlying financial weakness. Despite this, the company has raised over $119 million in gross proceeds from its SPAC merger, which could be used to fuel future growth.

In conclusion, while there is some retail sentiment in favor of GrabAGun, the bearish forecast for PEW's stock price over the upcoming months suggests that investors should exercise caution. The stock is likely to remain below the support level of $10.82 and face resistance at $16.85, with a general downward trend expected.