Pampa Energia SA Stock Forecast
Pampa Energia SA stock price down 3.39% on Wednesday
(Updated on Apr 24, 2024)
The Pampa Energia SA stock price fell by -3.39% on the last day (Wednesday, 24th Apr 2024) from $45.10 to $43.57. During the last trading day the stock fluctuated 4.02% from a day low at $43.33 to a day high of $45.07. The price has fallen in 7 of the last 10 days and is down by -4.56% for this period. 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 -80 thousand shares and in total, 247 thousand shares were bought and sold for approximately $10.75 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.11% during the next 3 months and, with a 90% probability hold a price between $35.23 and $43.16 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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PAM Signals & Forecast
The Pampa Energia SA 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 $43.43 and $42.82. A breakdown below any of these levels will issue sell signals. 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 Friday, April 05, 2024, and so far it has fallen -6.50%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Pampa Energia SA stock
Pampa Energia SA finds support from accumulated volume at $43.40 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.74 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Pampa Energia SA to open at $43.99, and during the day (based on 14 day Average True Range), to move between $41.52 and $45.62, which gives a possible trading interval of +/-$2.05 (+/-4.70%) up or down from last closing price. If Pampa Energia SA takes out the full calculated possible swing range there will be an estimated 9.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.66 (0.21%) than the support at $43.40 (0.39%), 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 Pampa Energia SA stock A Buy?
Pampa Energia SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.767 Sell Candidate Unchanged
Predicted Opening Price for Pampa Energia SA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $43.99 ( 0.96%) | $43.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.73 | 4.96 % | |
| R2 | 45.07 | 3.43 % | ||
| R1 | 44.65 | 2.49 % | ||
| Current price: | 43.57 | |||
| Support | S1 | 43.33 | -0.562 % | |
| S2 | 42.91 | -1.50 % | ||
| S3 | 42.25 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.60 | 6.95 % | |
| R2 | 46.04 | 5.67 % | ||
| R1 | 43.66 | 0.207 % | ||
| Current price | 43.57 | |||
| Support | S1 | 43.40 | -0.390% | |
| S2 | 39.30 | -9.80% | ||
| S3 | 39.16 | -10.12% |
PAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2012 | Jan 12, 2012 | Jan 12, 2012 | $0.0750 | 0.661% |
| 2 | Jan 11, 2011 | Jan 11, 2011 | Jan 11, 2011 | $0.0880 | 0.541% |
| 3 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | $0.0790 | 0.675% |
FAQ
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