Grupo Aeroportuario del Pacifico (ADR) Stock Forecast
Green day on Tuesday for Grupo Aeroportuario del Pacifico (ADR) stock after gaining 0.560%
(Updated on Apr 23, 2024)
The Grupo Aeroportuario del Pacifico (ADR) stock price gained 0.560% on the last trading day (Tuesday, 23rd Apr 2024), rising from £357.00 to £359.00. During the last trading day the stock fluctuated 4.02% from a day low at £348.00 to a day high of £362.00. The price has risen in 5 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 279 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately £148.62 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Grupo Aeroportuario del Pacifico (ADR) stock with a 90% probability to be traded between £348.43 and £367.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PAC.L Signals & Forecast
Mostly positive signals in the chart today. The Grupo Aeroportuario del Pacifico (ADR) 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 £357.29 and £356.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
A sell signal from a double top formation was found on Monday, April 15, 2024 and based on theory for this formation the price should fall by -6.60% to £335.32 within 25 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Grupo Aeroportuario del Pacifico (ADR) stock
Grupo Aeroportuario del Pacifico (ADR) finds support from accumulated volume at £357.00 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 £14.00 between high and low, or 4.02%. For the last week the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: £340.82 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (PAC.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Grupo Aeroportuario del Pacifico (ADR) to open at £356.33, and during the day (based on 14 day Average True Range), to move between £351.34 and £366.66, which gives a possible trading interval of +/-£7.66 (+/-2.14%) up or down from last closing price. If Grupo Aeroportuario del Pacifico (ADR) takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £360.00 (0.28%) than the support at £357.00 (0.56%), 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 Grupo Aeroportuario del Pacifico (ADR) stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Grupo Aeroportuario del Pacifico (ADR) stock to perform well in the short-term period.
Current score: 3.124 Buy Candidate Unchanged
Predicted Opening Price for Grupo Aeroportuario del Pacifico (ADR) of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £356.33 ( 0.743%) | £359.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 370.33 | 3.16 % | |
| R2 | 364.99 | 1.67 % | ||
| R1 | 361.68 | 0.747 % | ||
| Current price: | 359.00 | |||
| Support | S1 | 350.99 | -2.23 % | |
| S2 | 347.68 | -3.15 % | ||
| S3 | 342.33 | -4.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 364.00 | 1.39 % | |
| R2 | 362.00 | 0.84 % | ||
| R1 | 360.00 | 0.279 % | ||
| Current price | 359.00 | |||
| Support | S1 | 357.00 | -0.557% | |
| S2 | 353.00 | -1.67% | ||
| S3 | 351.00 | -2.23% |
PAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £2.30 | 0.623% |
| 2 | May 10, 2022 | Jun 09, 2022 | Jul 01, 2022 | £1.90 | 0.606% |
| 3 | Apr 30, 2021 | May 13, 2021 | Jul 05, 2021 | £2.40 | 0.690% |
| 4 | Apr 07, 2020 | May 28, 2020 | Jul 02, 2020 | £3.00 | 1.14% |
| 5 | Apr 02, 2019 | May 30, 2019 | Jul 04, 2019 | £3.00 | 1.00% |
FAQ
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