Portland General Electric Company Stock Forecast
Portland General Electric Company stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Portland General Electric Company stock price gained 1.06% on the last trading day (Wednesday, 17th Apr 2024), rising from $40.55 to $40.98. During the last trading day the stock fluctuated 1.61% from a day low at $40.39 to a day high of $41.04. The price has risen in 7 of the last 10 days but is still down by -0.8% for this period. Volume fell on the last day by -300 thousand shares and in total, 750 thousand shares were bought and sold for approximately $30.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a narrow 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 2.35% during the next 3 months and, with a 90% probability hold a price between $41.52 and $43.50 at the end of this 3-month period.
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POR Signals & Forecast
There are mixed signals in the stock today. The Portland General Electric Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $41.10. On a fall, the stock will find some support from the short-term average at $40.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.06%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 4.51% to $42.83 within 14 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Portland General Electric Company stock
Portland General Electric Company finds support from accumulated volume at $40.56 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 $0.650 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: $38.83 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (POR) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Portland General Electric Company to open at $40.80, and during the day (based on 14 day Average True Range), to move between $40.23 and $41.73, which gives a possible trading interval of +/-$0.748 (+/-1.82%) up or down from last closing price. If Portland General Electric Company takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.07 (0.22%) than the support at $40.56 (1.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Portland General Electric Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Portland General Electric Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.111 Buy Candidate Upgraded
Predicted Opening Price for Portland General Electric Company of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $40.80 ( 0.431%) | $40.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.45 | 1.16 % | |
| R2 | 41.21 | 0.549 % | ||
| R1 | 41.05 | 0.175 % | ||
| Current price: | 40.98 | |||
| Support | S1 | 40.56 | -1.04 % | |
| S2 | 40.40 | -1.41 % | ||
| S3 | 40.15 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 2.71 % | |
| R2 | 41.26 | 0.683 % | ||
| R1 | 41.07 | 0.220 % | ||
| Current price | 40.98 | |||
| Support | S1 | 40.56 | -1.02% | |
| S2 | 40.50 | -1.17% | ||
| S3 | 39.88 | -2.68% |
POR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Mar 21, 2024 | Apr 15, 2024 | $0.475 | 1.16% |
| 2 | Oct 20, 2023 | Dec 22, 2023 | Jan 15, 2024 | $0.480 | 1.13% |
| 3 | Jul 21, 2023 | Sep 22, 2023 | Oct 16, 2023 | $0.475 | 1.14% |
| 4 | Apr 21, 2023 | Jun 23, 2023 | Oct 16, 2023 | $0.475 | 1.14% |
| 5 | Feb 10, 2023 | Mar 24, 2023 | Apr 17, 2023 | $0.453 | 0.90% |
FAQ
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