Porsche Automobil Holding SE Stock Forecast
Red day on Tuesday for Porsche Automobil Holding SE stock after losing 0.236%
(Updated on Jul 02, 2024)
The Porsche Automobil Holding SE stock price fell by -0.236% on the last day (Tuesday, 2nd Jul 2024) from 42.33€ to 42.23€. During the last trading day the stock fluctuated 1.20% from a day low at 41.80€ to a day high of 42.30€. The price has fallen in 6 of the last 10 days and is down by -1.58% for this period. Volume has increased on the last day by 259 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 727 thousand shares were bought and sold for approximately 30.72€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 41.42€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.31% during the next 3 months and, with a 90% probability hold a price between 35.49€ and 40.96€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PAH3.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Porsche Automobil Holding SE 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 42.35€ and 46.70€. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Porsche Automobil Holding SE stock
Porsche Automobil Holding SE finds support from accumulated volume at 42.21€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.500€ between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAH3.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Porsche Automobil Holding SE to open at 42.11€, and during the day (based on 14 day Average True Range), to move between 41.31€ and 43.15€, which gives a possible trading interval of +/-0.92€ (+/-2.17%) up or down from last closing price. If Porsche Automobil Holding SE takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 42.21€ (0.05%) than the resistance at 42.46€ (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Porsche Automobil Holding SE stock A Buy?
Porsche Automobil Holding SE holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.930 Sell Candidate Unchanged
Predicted Opening Price for Porsche Automobil Holding SE of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 42.11€ ( 0.284%) | 42.23€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAH3.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.61 | 0.90% |
| R2 | 42.42 | 0.448% |
| R1 | 42.30 | 0.168% |
| Price | 42.23 | |
| S1 | 41.92 | -0.736% |
| S2 | 41.80 | -1.02% |
| S3 | 41.61 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.00 | 1.82% |
| R2 | 42.56 | 0.781% |
| R1 | 42.46 | 0.545% |
| Price | 42.23 | |
| S1 | 42.21 | -0.0474% |
| S2 | 41.80 | -1.02% |
| S3 | 0 | - |
PAH3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 14, 2024 | 2.56€ | 0% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 2.56€ | 0% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 2.56€ | 0% |
| 4 | Jul 26, 2021 | Jul 26, 2021 | Jul 26, 2021 | 2.21€ | 0% |
| 5 | Oct 05, 2020 | Oct 05, 2020 | Oct 05, 2020 | 2.21€ | 0% |
FAQ
Click here for our free guide on how to buy Porsche Automobil Holding SE Stock.
