Popular Stock Forecast
Popular stock price ended at $25.41 on Thursday, after losing 0%.
(Updated on Mar 28, 2024)
No changes to the price of Popular stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 1.09% from a day low at $25.26 to a day high of $25.54. The price has fallen in 4 of the last 10 days and is down by -0.05% for this period.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.22 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Popular stock with a 90% probability to be traded between $25.35 and $26.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BPOPM Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 0.83%. 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 Popular 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 $25.53. On a fall, the stock will find some support from the short-term average at $25.35. 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). 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. The stock had a Golden Star Signal on Thursday, February 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 29, 2023.
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 Thursday, February 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 29, 2023.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 12 Months
The stock had a Golden Star Signal on Thursday, February 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 29, 2023.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.
Support, Risk & Stop-loss for Popular stock
Popular finds support from accumulated volume at $25.33 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 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 $0.275 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 0.534%
Popular is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $23.78 (-6.40%) (This stock has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BPOPM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Popular to open at $25.40, and during the day (based on 14 day Average True Range), to move between $25.22 and $25.60, which gives a possible trading interval of +/-$0.194 (+/-0.76%) up or down from last closing price. If Popular takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.42 (0.05%) than the support at $25.33 (0.31%), 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 Popular stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Popular stock to perform well in the short-term period.
Current score: 1.033 Buy Candidate Unchanged
Predicted Opening Price for Popular of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$25.40 ( 0.0328%) | $25.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPOPM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.68 | 1.05 % | |
R2 | 25.57 | 0.636 % | ||
R1 | 25.51 | 0.381 % | ||
Current price: | 25.41 | |||
Support | S1 | 25.30 | -0.446 % | |
S2 | 25.23 | -0.702 % | ||
S3 | 25.13 | -1.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.47 | 0.236 % | |
R2 | 25.45 | 0.176 % | ||
R1 | 25.42 | 0.0508 % | ||
Current price | 25.41 | |||
Support | S1 | 25.33 | -0.315% | |
S2 | 25.20 | -0.83% | ||
S3 | 25.15 | -1.02% |
BPOPM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.128 | 0.505% |
2 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.128 | 0.498% |
3 | Jan 11, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.128 | 0.501% |
4 | Dec 04, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.128 | 0.501% |
5 | Nov 03, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.128 | 0.500% |
FAQ
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