Parkway Life Real Estate Investment Stock Forecast
Parkway Life Real Estate Investment stock downgraded to Hold/Accumulate
(Updated on May 31, 2024)
No changes to the price of Parkway Life Real Estate Investment stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0.84% from a day low at S$3.57 to a day high of S$3.60. The price has risen in 6 of the last 10 days and is up by 0.56% over the past 2 weeks.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.86% during the next 3 months and, with a 90% probability hold a price between S$3.61 and S$3.85 at the end of this 3-month period.
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C2PU.SI Signals & Forecast
The Parkway Life Real Estate Investment 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 S$3.58 and S$3.54. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Wednesday, May 08, 2024, and so far it has fallen -2.45%. 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). The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.
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 Monday, April 22, 2024 in the short-term chart.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 Parkway Life Real Estate Investment stock
Parkway Life Real Estate Investment finds support from accumulated volume at S$3.50 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 S$0.0300 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: S$3.39 (-5.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (C2PU.SI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Parkway Life Real Estate Investment Trust to open at S$3.58, and during the day (based on 14 day Average True Range), to move between S$3.52 and S$3.64, which gives a possible trading interval of +/-S$0.0583 (+/-1.63%) up or down from last closing price. If Parkway Life Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$3.59 (0.28%) than the support at S$3.50 (2.23%), 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 Parkway Life Real Estate Investment Trust stock A Buy?
Parkway Life Real Estate Investment 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: 0.774 Hold/Accumulate Downgraded
Predicted Opening Price for Parkway Life Real Estate Investment Trust of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
S$3.58 ( 0.0931%) | S$3.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for C2PU.SI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.61 | 0.93 % | |
R2 | 3.60 | 0.611 % | ||
R1 | 3.59 | 0.413 % | ||
Current price: | 3.58 | |||
Support | S1 | 3.57 | -0.227 % | |
S2 | 3.56 | -0.425 % | ||
S3 | 3.55 | -0.745 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.67 | 2.51 % | |
R2 | 3.60 | 0.559 % | ||
R1 | 3.59 | 0.279 % | ||
Current price | 3.58 | |||
Support | S1 | 3.50 | -2.23% | |
S2 | 3.43 | -4.19% | ||
S3 | 3.41 | -4.75% |
C2PU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 08, 2024 | Mar 07, 2024 | S$0.0748 | 2.14% |
2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | S$0.0729 | 1.91% |
3 | Feb 03, 2023 | Feb 03, 2023 | Feb 03, 2023 | S$0.0732 | 1.77% |
4 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | S$0.0706 | 1.46% |
5 | Jan 31, 2022 | Jan 31, 2022 | Jan 31, 2022 | S$0.0357 | 0.745% |
FAQ
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