Pembina Pipeline Corp Stock Forecast
Pembina Pipeline Corp stock price ended at $36.21 on Thursday, after losing 0.0552%.
(Updated on Jun 20, 2024)
The Pembina Pipeline Corp stock price fell by -0.0552% on the last day (Thursday, 20th Jun 2024) from $36.23 to $36.21. During the last trading day the stock fluctuated 1.19% from a day low at $36.00 to a day high of $36.43. The price has fallen in 6 of the last 10 days and is down by -1.23% 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 -406 thousand shares and in total, 680 thousand shares were bought and sold for approximately $24.63 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $35.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.92% during the next 3 months and, with a 90% probability hold a price between $38.35 and $40.31 at the end of this 3-month period.
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PBA Signals & Forecast
There are few to no technical positive signals at the moment. The Pembina Pipeline Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.74 and $36.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.05%. 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 Pembina Pipeline Corp stock
Pembina Pipeline Corp finds support from accumulated volume at $35.51 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.430 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PBA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Pembina Pipeline Corp to open at $36.21, and during the day (based on 14 day Average True Range), to move between $35.66 and $36.76, which gives a possible trading interval of +/-$0.553 (+/-1.53%) up or down from last closing price. If Pembina Pipeline Corp takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.27 (0.17%) than the support at $35.51 (1.93%), 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 Pembina Pipeline Corp stock A Buy?
The Pembina Pipeline Corp stock holds several negative signals and despite the positive trend, we believe Pembina Pipeline Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.597 Sell Candidate Unchanged
Predicted Opening Price for Pembina Pipeline Corp of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $36.21 ( 0%) | $36.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.64 | 1.19% |
| R2 | 36.48 | 0.734% |
| R1 | 36.37 | 0.454% |
| Price | 36.21 | |
| S1 | 36.05 | -0.454% |
| S2 | 35.94 | -0.734% |
| S3 | 35.78 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.13 | 2.54% |
| R2 | 36.87 | 1.82% |
| R1 | 36.27 | 0.166% |
| Price | 36.21 | |
| S1 | 35.51 | -1.93% |
| S2 | 35.44 | -2.13% |
| S3 | 35.10 | -3.07% |
PBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.504 | 1.39% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.494 | 1.40% |
| 3 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.480 | 1.39% |
| 4 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.504 | 1.68% |
| 5 | May 04, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.501 | 1.59% |
FAQ
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