Peabody Energy Stock Forecast
Evaluation of Peabody Energy stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Peabody Energy stock price fell by -1.22% on the last day (Tuesday, 2nd Jul 2024) from $23.77 to $23.48. During the last trading day the stock fluctuated 3.07% from a day low at $23.26 to a day high of $23.97. The price has been going up and down for this period, and there has been a 4.03% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately $55.84 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.45% during the next 3 months and, with a 90% probability hold a price between $20.50 and $24.60 at the end of this 3-month period.
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BTU Signals & Forecast
The Peabody Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.42 and $23.07. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Peabody Energy stock
Peabody Energy finds support from accumulated volume at $23.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.715 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: $22.47 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BTU) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Peabody Energy Corp to open at $23.57, and during the day (based on 14 day Average True Range), to move between $22.71 and $24.25, which gives a possible trading interval of +/-$0.766 (+/-3.26%) up or down from last closing price. If Peabody Energy Corp takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.49 (0.04%) than the support at $23.12 (1.53%), 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 Peabody Energy Corp stock A Buy?
Peabody Energy 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.106 Hold/Accumulate Downgraded
Predicted Opening Price for Peabody Energy Corp of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$23.57 ( 0.376%) | $23.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTU
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.28 | 3.42% |
R2 | 24.01 | 2.26% |
R1 | 23.84 | 1.54% |
Price | 23.48 | |
S1 | 23.30 | -0.787% |
S2 | 23.13 | -1.51% |
S3 | 22.85 | -2.67% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.09 | 2.60% |
R2 | 23.77 | 1.24% |
R1 | 23.49 | 0.0426% |
Price | 23.48 | |
S1 | 23.12 | -1.53% |
S2 | 21.94 | -6.56% |
S3 | 21.87 | -6.86% |
BTU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 15, 2024 | Jun 05, 2024 | $0.0800 | 0.339% |
2 | Feb 08, 2024 | Feb 22, 2024 | Mar 13, 2024 | $0.0750 | 0.298% |
3 | Feb 08, 2024 | Feb 21, 2024 | Mar 13, 2024 | $0.0750 | 0.298% |
4 | Nov 08, 2023 | Nov 08, 2023 | Nov 29, 2023 | $0.0750 | 0.315% |
5 | Jul 27, 2023 | Aug 09, 2023 | Aug 30, 2023 | $0.0750 | 0.342% |
FAQ
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