The Pacific Securities Co., Ltd Stock Forecast
The Pacific Securities Co., Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The The Pacific Securities Co., Ltd stock price gained 1.29% on the last trading day (Wednesday, 26th Jun 2024), rising from $3.10 to $3.14. During the last trading day the stock fluctuated 2.61% from a day low at $3.07 to a day high of $3.15. The price has fallen in 5 of the last 10 days but is still up by 0.32% 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, 4 million more shares were traded than the day before. In total, 118 million shares were bought and sold for approximately $370.35 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.28% during the next 3 months and, with a 90% probability hold a price between $3.18 and $3.96 at the end of this 3-month period.
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601099.SS Signals & Forecast
There are mixed signals in the stock today. The The Pacific Securities Co., Ltd 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 $3.16 and $3.31. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.62%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for The Pacific Securities Co., Ltd stock
The Pacific Securities Co., Ltd finds support from accumulated volume at $3.13 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 $0.0800 (2.61%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: $2.96 (-5.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (601099.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect The Pacific Securities Co., Ltd to open at $3.12, and during the day (based on 14 day Average True Range), to move between $3.05 and $3.23, which gives a possible trading interval of +/-$0.0935 (+/-2.98%) up or down from last closing price. If The Pacific Securities Co., Ltd takes out the full calculated possible swing range there will be an estimated 5.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.13 (0.32%) than the resistance at $3.44 (9.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Pacific Securities Co., Ltd stock A Buy?
The Pacific Securities Co., Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.908 Hold/Accumulate Upgraded
Predicted Opening Price for The Pacific Securities Co., Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $3.12 ( 0.637%) | $3.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601099.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.20 | 1.91% |
| R2 | 3.17 | 0.94% |
| R1 | 3.15 | 0.336% |
| Price | 3.14 | |
| S1 | 3.09 | -1.61% |
| S2 | 3.07 | -2.21% |
| S3 | 3.04 | -3.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.62 | 15.29% |
| R2 | 3.51 | 11.78% |
| R1 | 3.44 | 9.55% |
| Price | 3.14 | |
| S1 | 3.13 | -0.318% |
| S2 | 3.11 | -0.96% |
| S3 | 3.10 | -1.27% |
601099 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2018 | May 07, 2018 | May 07, 2018 | $0.0100 | 0.348% |
| 2 | Apr 10, 2017 | Apr 10, 2017 | Apr 10, 2017 | $0.0300 | 0.642% |
| 3 | Apr 12, 2016 | Apr 12, 2016 | Apr 12, 2016 | $0.0533 | 1.16% |
| 4 | May 21, 2015 | May 21, 2015 | May 21, 2015 | $0.0300 | 0.347% |
| 5 | Jun 26, 2014 | Jun 26, 2014 | Jun 26, 2014 | $0.0060 | 0.238% |
FAQ
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