PACCAR Inc Stock Forecast
PACCAR Inc stock price fell more than -5.68% Monday closing at 100.66€
(Updated on Jun 17, 2024)
The PACCAR Inc stock price fell by -5.68% on the last day (Monday, 17th Jun 2024) from 106.72€ to 100.66€. During the last trading day the stock fluctuated 1.68% from a day low at 99.00€ to a day high of 100.66€. The price has been going up and down for this period, and there has been a -4.58% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 102 shares were bought and sold for approximately 10.27€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PACCAR Inc stock with a 90% probability to be traded between 99.03€ and 111.47€ 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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PAE.F Signals & Forecast
The PACCAR Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 101.65€. On a fall, the stock will find some support from the long-term average at approximately 100.26€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.29%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 17.00% to 117.77€ within 7 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for PACCAR Inc stock
PACCAR Inc finds support from accumulated volume at 99.97€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.66€ between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: 95.26€ (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PAE.F) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect PACCAR Inc to open at 100.11€, and during the day (based on 14 day Average True Range), to move between 96.39€ and 104.93€, which gives a possible trading interval of +/-4.27€ (+/-4.24%) up or down from last closing price. If PACCAR Inc takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 99.97€ (0.69%) than the resistance at 105.49€ (4.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PACCAR Inc 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 PACCAR Inc stock to perform well in the short-term period.
Current score: 3.913 Buy Candidate Unchanged
Predicted Opening Price for PACCAR Inc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 100.11€ ( 0.550%) | 100.66€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.77 | 1.10% |
| R2 | 101.13 | 0.469% |
| R1 | 100.74 | 0.0803% |
| Price | 100.66 | |
| S1 | 99.47 | -1.18% |
| S2 | 99.08 | -1.57% |
| S3 | 98.45 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 113.64 | 12.89% |
| R2 | 105.94 | 5.25% |
| R1 | 105.49 | 4.80% |
| Price | 100.66 | |
| S1 | 99.97 | -0.685% |
| S2 | 99.13 | -1.52% |
| S3 | 97.61 | -3.03% |
PAE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 05, 2024 | 0.280€ | 0% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Mar 06, 2024 | 0.247€ | 0% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | 3.20€ | 0% |
| 4 | Nov 14, 2023 | Nov 14, 2023 | Dec 06, 2023 | 0.270€ | 0% |
| 5 | Aug 16, 2023 | Aug 16, 2023 | Aug 16, 2023 | 0.270€ | 0% |
FAQ
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