PLDT Inc. Stock Forecast
PLDT Inc. stock price up 1.97% on Friday
(Updated on May 10, 2024)
The PLDT Inc. stock price gained 1.97% on the last trading day (Friday, 10th May 2024), rising from $24.36 to $24.84. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.10% from a day low at $24.50 to a day high of $25.01. The price has risen in 7 of the last 10 days and is up by 4.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $1.07 million.
The stock lies in the middle of a 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 2.61% during the next 3 months and, with a 90% probability hold a price between $23.53 and $28.19 at the end of this 3-month period.
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PHI Signals & Forecast
Mostly positive signals in the chart today. The PLDT Inc. 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 $24.09 and $23.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). PLDT Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for PLDT Inc. stock
PLDT Inc. finds support from accumulated volume at $24.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.515 (2.10%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.
Since the PLDT Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $23.66 (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (PHI) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect PLDT Inc. to open at $24.78, and during the day (based on 14 day Average True Range), to move between $24.31 and $25.37, which gives a possible trading interval of +/-$0.532 (+/-2.14%) up or down from last closing price. If PLDT Inc. takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.88 (0.16%) than the support at $24.39 (1.81%), 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.
Earnings coming up
PLDT Inc. will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for PLDT Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.59% in the first trading day after earnings release.
Is PLDT Inc. stock A Buy?
PLDT Inc. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.860 Strong Buy Candidate Unchanged
Predicted Opening Price for PLDT Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $24.78 ( 0.235%) | $24.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.30 | 1.84 % | |
| R2 | 25.10 | 1.05 % | ||
| R1 | 24.98 | 0.557 % | ||
| Current price: | 24.84 | |||
| Support | S1 | 24.58 | -1.03 % | |
| S2 | 24.46 | -1.52 % | ||
| S3 | 24.27 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.99 | 8.66 % | |
| R2 | 25.73 | 3.58 % | ||
| R1 | 24.88 | 0.161 % | ||
| Current price | 24.84 | |||
| Support | S1 | 24.39 | -1.81% | |
| S2 | 23.71 | -4.55% | ||
| S3 | 22.94 | -7.65% |
PHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 19, 2024 | Apr 19, 2024 | $0.597 | 2.58% |
| 2 | Aug 04, 2023 | Aug 15, 2023 | Sep 18, 2023 | $0.88 | 4.58% |
| 3 | Mar 23, 2023 | Apr 06, 2023 | May 11, 2023 | $1.08 | 5.01% |
| 4 | Aug 04, 2022 | Aug 16, 2022 | Sep 20, 2022 | $1.35 | 4.82% |
| 5 | Mar 07, 2022 | Mar 15, 2022 | Apr 19, 2022 | $0.81 | 2.23% |
FAQ
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