Pembina Pipeline Corp Stock Forecast
Green day on Thursday for Pembina Pipeline Corp stock after gaining 0.466%
(Updated on May 09, 2024)
The Pembina Pipeline Corp stock price gained 0.466% on the last trading day (Thursday, 9th May 2024), rising from $36.47 to $36.64. 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 0.616% from a day low at $36.55 to a day high of $36.77. The price has risen in 8 of the last 10 days and is up by 2.6% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 812 thousand shares were bought and sold for approximately $29.74 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.13% during the next 3 months and, with a 90% probability hold a price between $35.95 and $38.41 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PBA Signals & Forecast
Mostly positive signals in the chart today. The Pembina Pipeline Corp 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 $35.80 and $35.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.59%. 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). 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.
Support, Risk & Stop-loss for Pembina Pipeline Corp stock
Pembina Pipeline Corp finds support from accumulated volume at $35.71 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 $0.225 between high and low, or 0.616%. For the last week the stock has had daily average volatility of 1.13%.
Since the Pembina Pipeline Corp 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: $35.34 (-3.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PBA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Pembina Pipeline Corp to open at $36.65, and during the day (based on 14 day Average True Range), to move between $36.12 and $37.16, which gives a possible trading interval of +/-$0.525 (+/-1.43%) up or down from last closing price. If Pembina Pipeline Corp takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $35.71, some $0.93 (2.54%) from the current price of $36.64, our system finds the risk reward attractive.
Is Pembina Pipeline Corp 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 Pembina Pipeline Corp stock to perform well in the short-term.
Current score: 4.148 Buy Candidate Unchanged
Predicted Opening Price for Pembina Pipeline Corp of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $36.65 ( 0.0318%) | $36.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.88 | 0.646 % | |
| R2 | 36.79 | 0.411 % | ||
| R1 | 36.74 | 0.266 % | ||
| Current price: | 36.64 | |||
| Support | S1 | 36.57 | -0.203 % | |
| S2 | 36.51 | -0.348 % | ||
| S3 | 36.43 | -0.582 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 36.64 | |||
| Support | S1 | 35.71 | -2.54% | |
| S2 | 35.44 | -3.28% | ||
| S3 | 35.10 | -4.20% |
PBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.494 | 1.40% |
| 2 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.480 | 1.39% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.504 | 1.68% |
| 4 | May 04, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.501 | 1.59% |
| 5 | Feb 23, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.475 | 1.47% |
FAQ
Click here for our free guide on how to buy Pembina Pipeline Corp Stock.
