Pg&e Corporation Stock Forecast
Stronger technical forecast for Pg&e Corporation stock price after Wednesday trading.
(Updated on Jun 19, 2024)
No changes to the price of Pg&e Corporation stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $17.69 to a day high of $17.69. The price has fallen in 7 of the last 10 days and is down by -3.43% for this period.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $17.73. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0QR3.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pg&e Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.04 and $18.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pg&e Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.50 and $16.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pg&e Corporation finds support just below today's level at $16.50. If this is broken, then the next support from accumulated volume will be at $16.37 and $16.29.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.629%
Our recommended stop-loss: $16.60 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (0QR3.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Pg&e Corporation to open at $17.69, and during the day (based on 14 day Average True Range), to move between $17.49 and $17.89, which gives a possible trading interval of +/-$0.203 (+/-1.15%) up or down from last closing price. If Pg&e Corporation takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.92 (1.27%) than the support at $16.50 (6.73%), 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 Pg&e Corporation stock A Buy?
Pg&e Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.841 Hold/Accumulate Upgraded
Predicted Opening Price for Pg&e Corporation of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
$17.69 ( 0%) | $17.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0QR3.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.69 | - |
R2 | 17.69 | - |
R1 | 17.69 | - |
Price | 17.69 | |
S1 | 17.69 | - |
S2 | 17.69 | - |
S3 | 17.69 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.19 | 2.83% |
R2 | 18.18 | 2.77% |
R1 | 17.92 | 1.27% |
Price | 17.69 | |
S1 | 16.50 | -6.73% |
S2 | 16.37 | -7.46% |
S3 | 16.29 | -7.91% |
0QR3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0100 | 0.0565% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0100 | 0.0611% |
3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0100 | 0.0554% |
4 | Sep 28, 2017 | Sep 28, 2017 | Sep 28, 2017 | $0.530 | 1.04% |
5 | Jun 28, 2017 | Jun 28, 2017 | Jun 28, 2017 | $0.530 | 1.04% |
FAQ
Click here for our free guide on how to buy Pg&e Corporation Stock.