Pembina Pipeline Corp Stock Forecast
Pembina Pipeline Corp stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Pembina Pipeline Corp stock price gained 1.60% on the last trading day (Tuesday, 2nd Jul 2024), rising from $36.86 to $37.45. During the last trading day the stock fluctuated 1.62% from a day low at $36.93 to a day high of $37.53. The price has been going up and down for this period, and there has been a 3.74% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 516 thousand more shares were traded than the day before. In total, 802 thousand shares were bought and sold for approximately $30.04 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.15% during the next 3 months and, with a 90% probability hold a price between $38.22 and $40.76 at the end of this 3-month period.
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PBA Signals & Forecast
The Pembina Pipeline Corp 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 $36.95 and $36.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.20%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Pembina Pipeline Corp stock
Pembina Pipeline Corp finds support from accumulated volume at $36.64 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.600 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $35.33 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (PBA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pembina Pipeline Corp to open at $37.30, and during the day (based on 14 day Average True Range), to move between $36.91 and $37.99, which gives a possible trading interval of +/-$0.541 (+/-1.44%) up or down from last closing price. If Pembina Pipeline Corp takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $36.64, some $0.81 (2.16%) from the current price of $37.45, our system finds the risk reward attractive.
Is Pembina Pipeline Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pembina Pipeline Corp 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: 3.173 Buy Candidate Upgraded
Predicted Opening Price for Pembina Pipeline Corp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $37.30 ( 0.392%) | $37.45 |
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 | 37.90 | 1.21% |
| R2 | 37.67 | 0.598% |
| R1 | 37.53 | 0.220% |
| Price | 37.45 | |
| S1 | 37.07 | -1.00% |
| S2 | 36.93 | -1.38% |
| S3 | 36.70 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 37.45 | |
| S1 | 36.64 | -2.16% |
| S2 | 36.27 | -3.15% |
| S3 | 35.10 | -6.28% |
PBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.504 | 1.36% |
| 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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