Plains All American Pipeline LP Stock Forecast
Green day on Wednesday for Plains All American Pipeline LP
(Updated on Mar 27, 2024)
The Plains All American Pipeline LP stock price gained 1.41% on the last trading day (Wednesday, 27th Mar 2024), rising from $17.07 to $17.31. During the last trading day the stock fluctuated 1.46% from a day low at $17.07 to a day high of $17.32. The price has risen in 7 of the last 10 days and is up by 2.67% over the past 2 weeks. Volume fell on the last day by -169 thousand shares and in total, 3 million shares were bought and sold for approximately $43.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.06% during the next 3 months and, with a 90% probability hold a price between $18.46 and $19.79 at the end of this 3-month period.
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PAA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.345%. 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 Plains All American Pipeline LP 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 $17.21 and $16.50. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, February 09, 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 Friday, February 09, 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 Plains All American Pipeline LP stock
On the downside, the stock finds support just below today's level from accumulated volume at $15.50 and $15.49. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Plains All American Pipeline LP finds support just below today's level at $15.50. If this is broken, then the next support from accumulated volume will be at $15.49 and $15.35.
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 $0.250 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: $16.72 (-3.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (PAA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Plains All American Pipeline LP to open at $17.23, and during the day (based on 14 day Average True Range), to move between $17.07 and $17.55, which gives a possible trading interval of +/-$0.245 (+/-1.42%) 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 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.37 (0.35%) than the support at $15.50 (10.46%), 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 Plains All American Pipeline LP stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Plains All American Pipeline LP stock to perform well in the short-term.
Current score: 2.918 Buy Candidate Unchanged
Predicted Opening Price for Plains All American Pipeline LP of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$17.23 ( 0.443%) | $17.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.48 | 1.00 % | |
R2 | 17.39 | 0.450 % | ||
R1 | 17.33 | 0.109 % | ||
Current price: | 17.31 | |||
Support | S1 | 17.14 | -0.99 % | |
S2 | 17.08 | -1.34 % | ||
S3 | 16.98 | -1.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 17.37 | 0.347 % | ||
Current price | 17.31 | |||
Support | S1 | 15.50 | -10.46% | |
S2 | 15.49 | -10.51% | ||
S3 | 15.35 | -11.32% |
PAA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 08, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.318 | 2.03% |
2 | Oct 05, 2023 | Oct 30, 2023 | Nov 14, 2023 | $0.268 | 1.73% |
3 | Jul 06, 2023 | Jul 28, 2023 | Aug 14, 2023 | $0.268 | 1.75% |
4 | Apr 06, 2023 | Apr 28, 2023 | May 15, 2023 | $0.268 | 2.02% |
5 | Jan 09, 2023 | Jan 30, 2023 | Feb 14, 2023 | $0.268 | 2.04% |
FAQ
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