Plains All American Pipeline LP stock price ended on $14.87 on Friday after losing 0.53511705685619%
(Updated on Dec 08, 2023)
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The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.70 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 2.52% during the next 3 months and, with a 90% probability hold a price between $15.07 and $16.54 at the end of this 3-month period.
PAA Signals & Forecast
There are few to no technical positive signals at the moment. The Plains All American Pipeline LP 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 $15.45 and $15.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, December 01, 2023, and so far it has fallen -6.60%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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Support, Risk & Stop-loss for Plains All American Pipeline LP stock
Plains All American Pipeline LP finds support from accumulated volume at $14.66 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 $0.240 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAA) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Plains All American Pipeline LP to open at $14.88, and during the day (based on 14 day Average True Range), to move between $14.58 and $15.16, which gives a possible trading interval of +/-$0.286 (+/-1.93%) up or down from last closing price. If Plains All American Pipeline LP takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.66 (1.41%) than the resistance at $15.15 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Plains All American Pipeline LP stock A Buy?
The Plains All American Pipeline LP stock holds several negative signals and despite the positive trend, we believe Plains All American Pipeline LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.491 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for Plains All American Pipeline LP of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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