Plains All American Pipeline LP Stock Forecast

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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, October 19, 2023 and based on theory for this formation the price should fall by -9.33% to $13.48 within 19 trading days since signal was issued (Monday, December 11, 2023).

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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 Account

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