Pacific Current Group Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Pacific Current Group Limited stock price after Friday trading.
(Updated on Apr 26, 2024)
The Pacific Current Group Limited stock price gained 0.495% on the last trading day (Friday, 26th Apr 2024), rising from $10.10 to $10.15. During the last trading day the stock fluctuated 2.91% from a day low at $9.95 to a day high of $10.24. The price has risen in 5 of the last 10 days but is still down by -0.98% for this period. Volume fell on the last day by -206 thousand shares and in total, 27 thousand shares were bought and sold for approximately $275.11 thousand. 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 middle of a wide and 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 3.44% during the next 3 months and, with a 90% probability hold a price between $9.67 and $11.27 at the end of this 3-month period.
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PAC.AX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -3.06%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $10.13 and $10.00. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Pacific Current Group Limited stock
Pacific Current Group Limited finds support from accumulated volume at $10.10 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.290 between high and low, or 2.91%. For the last week the stock has had daily average volatility of 2.00%
Our recommended stop-loss: $9.75 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (PAC.AX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Pacific Current Group Limited to open at $10.11, and during the day (based on 14 day Average True Range), to move between $9.89 and $10.41, which gives a possible trading interval of +/-$0.257 (+/-2.54%) 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 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.10 (0.49%) than the resistance at $10.25 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pacific Current Group Limited 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 Pacific Current Group Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.387 Buy Candidate Upgraded
Predicted Opening Price for Pacific Current Group Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $10.11 ( 0.361%) | $10.15 |
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 | 10.40 | 2.50 % | |
| R2 | 10.29 | 1.40 % | ||
| R1 | 10.22 | 0.730 % | ||
| Current price: | 10.15 | |||
| Support | S1 | 10.00 | -1.45 % | |
| S2 | 9.93 | -2.13 % | ||
| S3 | 9.82 | -3.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.62 | 4.63 % | |
| R2 | 10.57 | 4.14 % | ||
| R1 | 10.25 | 0.99 % | ||
| Current price | 10.15 | |||
| Support | S1 | 10.10 | -0.493% | |
| S2 | 9.92 | -2.27% | ||
| S3 | 9.65 | -4.93% |
PAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Apr 11, 2024 | $0.150 | 1.46% |
| 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
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