RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PAC.AX
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Pacific Current Group Limited stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 20, 2024 Gain 1.29% PDF

The Pacific Current Group Limited stock price gained 0.99% on the last trading day (Thursday, 28th Mar 2024), rising from $10.10 to $10.20. During the last trading day the stock fluctuated 1.49% from a day low at $10.10 to a day high of $10.25. The price has been going up and down for this period, and there has been a 5.7% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $296.78 thousand.

The stock lies in the middle of a wide and strong 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 13.87% during the next 3 months and, with a 90% probability hold a price between $10.82 and $12.80 at the end of this 3-month period.

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PAC.AX Signals & Forecast

The Pacific Current Group Limited 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 $10.12 and $9.96. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Pacific Current Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Tuesday, March 26, 2024, and so far it has fallen -0.682%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Pacific Current Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.68 and $9.65. 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, Pacific Current Group Limited finds support just below today's level at $9.68. If this is broken, then the next support from accumulated volume will be at $9.65 and $9.20.

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 $0.150 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: $9.79 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (PAC.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Pacific Current Group Limited to open at $10.18, and during the day (based on 14 day Average True Range), to move between $9.87 and $10.53, which gives a possible trading interval of +/-$0.326 (+/-3.20%) up or down from last closing price. If Pacific Current Group Limited takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.23 (0.29%) than the support at $9.68 (5.10%), 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 Pacific Current Group Limited stock A Buy?

Pacific Current Group Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.424 Strong Buy Candidate Upgraded

Predicted Opening Price for Pacific Current Group Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$10.18 ( 0.163%) $10.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PAC.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.33 1.31 %
R2 10.28 0.745 %
R1 10.24 0.398 %
Current price: 10.20
Support S1 10.13 -0.725 %
S2 10.09 -1.07 %
S3 10.03 -1.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.62 4.12 %
R2 10.57 3.63 %
R1 10.23 0.294 %
Current price 10.20
Support S1 9.68 -5.10%
S2 9.65 -5.39%
S3 9.20 -9.80%

PAC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 06, 2024 Mar 06, 2024 Apr 11, 2024 $0.150 1.47%
2 Mar 08, 2023 Mar 08, 2023 Mar 08, 2023 $0.150 2.08%
3 Sep 07, 2022 Sep 07, 2022 Sep 07, 2022 $0.230 2.87%
4 Mar 03, 2022 Mar 03, 2022 Mar 03, 2022 $0.150 2.01%
5 Sep 08, 2021 Sep 08, 2021 Sep 08, 2021 $0.260 3.81%

FAQ

What is the symbol for Pacific Current Group Limited Stock and on which exchange is it traded?
The symbol for Pacific Current Group Limited is PAC.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Pacific Current Group Limited Stock?
Pacific Current Group Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Pacific Current Group Limited Stock?
Pacific Current Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pacific Current Group Limited Stock.

What's the current price of Pacific Current Group Limited Stock?
As of the end of day on the 2024-03-28, the price of an Pacific Current Group Limited (PAC.AX) share was $10.20.

What is the 52-week high and low for Pacific Current Group Limited Stock?
The 52-week high for Pacific Current Group Limited Stock is $11.35 and the 52-week low is $6.54.

What is the market capitalization of Pacific Current Group Limited Stock?
As of the 2024-03-28, the market capitalization of Pacific Current Group Limited is 529.662M.

When is the next earnings date for Pacific Current Group Limited?
The upcoming earnings date for Pacific Current Group Limited is Aug 24, 2024.
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About Pacific Current Group Limited

Pacific Current Group Limited Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients. The company was formerly known as Treasury Group Ltd and changed its name to Pacific Current Group Limited in October 2015. Pacific Current Group Limited is based in Melbourne, Australia.... PAC.AX Profile

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