Pangaea Logistics Solutions Stock Forecast
Red day on Monday for Pangaea Logistics Solutions
(Updated on Apr 15, 2024)
The Pangaea Logistics Solutions stock price fell by -0.597% on the last day (Monday, 15th Apr 2024) from $6.70 to $6.66. During the last trading day the stock fluctuated 2.25% from a day low at $6.61 to a day high of $6.76. The price has fallen in 6 of the last 10 days and is down by -2.49% 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 -13 thousand shares and in total, 120 thousand shares were bought and sold for approximately $797.77 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.05% during the next 3 months and, with a 90% probability hold a price between $4.75 and $5.30 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.
PANL Signals & Forecast
There are mixed signals in the stock today. The Pangaea Logistics Solutions stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.75 and $7.39. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.301%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pangaea Logistics Solutions stock
Pangaea Logistics Solutions finds support from accumulated volume at $6.64 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 $0.149 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.19%
Our recommended stop-loss: $6.26 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (PANL) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Pangaea Logistics Solutions Ltd. to open at $6.68, and during the day (based on 14 day Average True Range), to move between $6.44 and $6.88, which gives a possible trading interval of +/-$0.221 (+/-3.31%) up or down from last closing price. If Pangaea Logistics Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 6.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.64 (0.30%) than the resistance at $6.84 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pangaea Logistics Solutions Ltd. stock A Buy?
Pangaea Logistics Solutions 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: -0.323 Hold/Accumulate Unchanged
Predicted Opening Price for Pangaea Logistics Solutions Ltd. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $6.68 ( 0.245%) | $6.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PANL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.83 | 2.48 % | |
| R2 | 6.77 | 1.63 % | ||
| R1 | 6.73 | 1.10 % | ||
| Current price: | 6.66 | |||
| Support | S1 | 6.62 | -0.609 % | |
| S2 | 6.58 | -1.14 % | ||
| S3 | 6.53 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.00 | 5.11 % | |
| R2 | 6.97 | 4.65 % | ||
| R1 | 6.84 | 2.70 % | ||
| Current price | 6.66 | |||
| Support | S1 | 6.64 | -0.300% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PANL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.100 | 1.46% |
| 2 | Nov 08, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.100 | 1.27% |
| 3 | Aug 07, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.100 | 1.80% |
| 4 | May 09, 2023 | May 31, 2023 | Jun 15, 2023 | $0.100 | 1.59% |
| 5 | Feb 15, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.100 | 1.65% |
FAQ
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