Phibro Animal Health Corporation 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
Green day on Thursday for Phibro Animal Health Corporation
(Updated on May 02, 2024)
The Phibro Animal Health Corporation stock price gained 2.51% on the last trading day (Thursday, 2nd May 2024), rising from $16.35 to $16.76. During the last trading day the stock fluctuated 4.38% from a day low at $16.22 to a day high of $16.93. The price has been going up and down for this period, and there has been a 28.53% gain for the last 2 weeks. Volume fell on the last day by -88 thousand shares and in total, 139 thousand shares were bought and sold for approximately $2.32 million. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $16.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.82% during the next 3 months and, with a 90% probability hold a price between $14.90 and $19.92 at the end of this 3-month period.
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PAHC Signals & Forecast
The Phibro Animal Health Corporation 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 $14.90 and $13.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.119%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, July 31, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 31, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Phibro Animal Health Corporation stock
Phibro Animal Health Corporation finds support from accumulated volume at $16.70 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 $0.710 between high and low, or 4.38%. For the last week, the stock has had daily average volatility of 9.21%.
Our recommended stop-loss: $16.24 (-3.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PAHC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Phibro Animal Health Corporation to open at $16.64, and during the day (based on 14 day Average True Range), to move between $16.01 and $17.51, which gives a possible trading interval of +/-$0.746 (+/-4.45%) 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 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.78 (0.12%) than the support at $16.70 (0.36%), 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.
Earnings coming up
Phibro Animal Health Corporation will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.290. We will update the financials statements for Phibro Animal Health Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.19% in the first trading day after earnings release.
Is Phibro Animal Health Corporation 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 Phibro Animal Health Corporation stock to perform well in the short-term.
Current score: 2.170 Buy Candidate Unchanged
Predicted Opening Price for Phibro Animal Health Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $16.64 ( 0.736%) | $16.76 |
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 | 17.35 | 3.50 % | |
| R2 | 17.08 | 1.88 % | ||
| R1 | 16.91 | 0.88 % | ||
| Current price: | 16.76 | |||
| Support | S1 | 16.37 | -2.35 % | |
| S2 | 16.20 | -3.35 % | ||
| S3 | 15.93 | -4.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 16.78 | 0.119 % | ||
| Current price | 16.76 | |||
| Support | S1 | 16.70 | -0.358% | |
| S2 | 12.93 | -22.85% | ||
| S3 | 12.73 | -24.05% |
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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