Pantaflix AG Stock Forecast
Stronger technical forecast for Pantaflix AG stock price after Friday trading.
(Updated on Jun 28, 2024)
The Pantaflix AG stock price gained 2.38% on the last trading day (Friday, 28th Jun 2024), rising from 1.68€ to 1.72€. During the last trading day the stock fluctuated 1.18% from a day low at 1.70€ to a day high of 1.72€. The price has risen in 5 of the last 10 days and is up by 6.17% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 177 shares were bought and sold for approximately 304.44€ . 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 the upper part of a wide and falling 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 1.76€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.46% during the next 3 months and, with a 90% probability hold a price between 1.03€ and 1.26€ 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.
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PAL.F Signals & Forecast
The Pantaflix AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 1.64€ and 1.67€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 12.42%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pantaflix AG stock
Pantaflix AG finds support from accumulated volume at 1.69€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0200€ between high and low, or 1.18%. For the last week the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: 1.64€ (-4.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (PAL.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pantaflix AG to open at 1.71€, and during the day (based on 14 day Average True Range), to move between 1.66€ and 1.78€, which gives a possible trading interval of +/-0.0556€ (+/-3.23%) up or down from last closing price. If Pantaflix AG takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.73€ (0.58%) than the support at 1.69€ (1.74%), 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 Pantaflix AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.947 Buy Candidate Upgraded
Predicted Opening Price for Pantaflix AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 1.71€ ( 0.388%) | 1.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAL.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.73 | 0.775% |
| R2 | 1.73 | 0.331% |
| R1 | 1.72 | 0.0566% |
| Price | 1.72 | |
| S1 | 1.71 | -0.83% |
| S2 | 1.70 | -1.11% |
| S3 | 1.69 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.06 | 19.77% |
| R2 | 1.75 | 1.74% |
| R1 | 1.73 | 0.581% |
| Price | 1.72 | |
| S1 | 1.69 | -1.74% |
| S2 | 1.66 | -3.49% |
| S3 | 1.61 | -6.40% |
FAQ
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