Pampa Energia SA Stock Forecast
Pampa Energia SA stock price up 2.30% on Wednesday
(Updated on May 01, 2024)
The Pampa Energia SA stock price gained 2.30% on the last trading day (Wednesday, 1st May 2024), rising from $44.37 to $45.39. During the last trading day the stock fluctuated 6.25% from a day low at $43.02 to a day high of $45.71. The price has risen in 6 of the last 10 days and is up by 8.02% over the past 2 weeks. Volume fell on the last day by -160 thousand shares and in total, 143 thousand shares were bought and sold for approximately $6.47 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $46.83 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pampa Energia SA stock with a 90% probability to be traded between $40.14 and $47.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PAM Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -2.60%. 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). 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 $44.45 and $43.48. A breakdown below any of these levels will issue sell signals. 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.
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 $2.69 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 3.93%.
Our recommended stop-loss: $43.73 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (PAM) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Pampa Energia SA to open at $44.71, and during the day (based on 14 day Average True Range), to move between $43.42 and $47.36, which gives a possible trading interval of +/-$1.97 (+/-4.33%) up or down from last closing price. If Pampa Energia SA takes out the full calculated possible swing range there will be an estimated 8.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.04 (1.43%) than the support at $43.40 (4.38%), 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
Pampa Energia SA will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.38. We will update the financials statements for Pampa Energia SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.88% in the first trading day after earnings release.
Is Pampa Energia SA stock A Buy?
Pampa Energia SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.907 Hold/Accumulate Unchanged
Predicted Opening Price for Pampa Energia SA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $44.71 ( 1.51%) | $45.39 |
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 | 47.40 | 4.42 % | |
| R2 | 46.37 | 2.16 % | ||
| R1 | 45.73 | 0.758 % | ||
| Current price: | 45.39 | |||
| Support | S1 | 43.68 | -3.77 % | |
| S2 | 43.04 | -5.17 % | ||
| S3 | 42.02 | -7.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.60 | 2.67 % | |
| R2 | 46.25 | 1.89 % | ||
| R1 | 46.04 | 1.43 % | ||
| Current price | 45.39 | |||
| Support | S1 | 43.40 | -4.38% | |
| S2 | 39.30 | -13.42% | ||
| S3 | 39.16 | -13.73% |
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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