Phibro Animal Health Corporation Stock Forecast
Is Phibro Animal Health Corporation stock still a buy after falling -7.71% on Wednesday?
(Updated on Apr 24, 2024)
The Phibro Animal Health Corporation stock price fell by -7.71% on the last day (Wednesday, 24th Apr 2024) from $13.61 to $12.56. During the last trading day the stock fluctuated 7.97% from a day low at $12.55 to a day high of $13.55. The price has been going up and down for this period, and there has been a -5.06% 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 -258 shares and in total, 108 thousand shares were bought and sold for approximately $1.35 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.92% during the next 3 months and, with a 90% probability hold a price between $14.15 and $17.00 at the end of this 3-month period.
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PAHC Signals & Forecast
There are few to no technical positive signals at the moment. The Phibro Animal Health Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.06 and $12.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -8.19%. 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 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.
Support, Risk & Stop-loss for Phibro Animal Health Corporation stock
Phibro Animal Health Corporation finds support from accumulated volume at $12.34 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 $1.00 between high and low, or 7.97%. For the last week the stock has had daily average volatility of 4.25%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAHC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Phibro Animal Health Corporation to open at $12.89, and during the day (based on 14 day Average True Range), to move between $12.09 and $13.03, which gives a possible trading interval of +/-$0.466 (+/-3.71%) up or down from last closing price. If Phibro Animal Health Corporation takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.73 (1.35%) than the support at $12.34 (1.75%), 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 Phibro Animal Health Corporation stock A Buy?
The Phibro Animal Health Corporation stock holds several negative signals and despite the positive trend, we believe Phibro Animal Health Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.612 Sell Candidate Downgraded
Predicted Opening Price for Phibro Animal Health Corporation of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$12.89 ( 2.60%) | $12.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAHC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.89 | 10.56 % | |
R2 | 13.50 | 7.52 % | ||
R1 | 13.27 | 5.64 % | ||
Current price: | 12.56 | |||
Support | S1 | 12.50 | -0.441 % | |
S2 | 12.27 | -2.32 % | ||
S3 | 11.89 | -5.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.23 | 5.33 % | |
R2 | 12.93 | 2.95 % | ||
R1 | 12.73 | 1.35 % | ||
Current price | 12.56 | |||
Support | S1 | 12.34 | -1.75% | |
S2 | 12.09 | -3.74% | ||
S3 | 11.46 | -8.76% |
PAHC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Mar 05, 2024 | Mar 27, 2024 | $0.120 | 0.92% |
2 | Nov 06, 2023 | Nov 28, 2023 | Dec 20, 2023 | $0.120 | 1.05% |
3 | Jul 25, 2023 | Sep 05, 2023 | Sep 27, 2023 | $0.120 | 0.94% |
4 | May 01, 2023 | Jun 06, 2023 | Jun 28, 2023 | $0.120 | 0.90% |
5 | Feb 06, 2023 | Feb 28, 2023 | Mar 22, 2023 | $0.120 | 0.81% |
FAQ
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