Pembina Pipeline Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Pembina Pipeline Corp stock price ended at $36.64 on Monday, after gaining 1.95%.
(Updated on Jun 24, 2024)
The Pembina Pipeline Corp stock price gained 1.95% on the last trading day (Monday, 24th Jun 2024), rising from $35.94 to $36.64. During the last trading day the stock fluctuated 1.49% from a day low at $36.17 to a day high of $36.71. The price has fallen in 6 of the last 10 days and is down by -1.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $161.13 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 6.42% during the next 3 months and, with a 90% probability hold a price between $38.13 and $40.18 at the end of this 3-month period.
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PBA Signals & Forecast
There are mixed signals in the stock today. The Pembina Pipeline Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $36.70. On a fall, the stock will find some support from the short-term average at $36.47. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.90%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Pembina Pipeline Corp stock
Pembina Pipeline Corp finds support from accumulated volume at $36.27 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 $0.540 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.43%.
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 Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Pembina Pipeline Corp to open at $36.51, and during the day (based on 14 day Average True Range), to move between $36.08 and $37.20, which gives a possible trading interval of +/-$0.560 (+/-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 $36.87 (0.63%) than the support at $36.27 (1.01%), 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?
Pembina Pipeline Corp 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: -1.710 Sell Candidate Unchanged
Predicted Opening Price for Pembina Pipeline Corp of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $36.51 ( 0.364%) | $36.64 |
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 | 37.05 | 1.11% |
| R2 | 36.84 | 0.547% |
| R1 | 36.71 | 0.199% |
| Price | 36.64 | |
| S1 | 36.30 | -0.93% |
| S2 | 36.17 | -1.27% |
| S3 | 35.97 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.13 | 1.34% |
| R2 | 37.10 | 1.26% |
| R1 | 36.87 | 0.628% |
| Price | 36.64 | |
| S1 | 36.27 | -1.01% |
| S2 | 35.44 | -3.28% |
| S3 | 35.10 | -4.20% |
PBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.504 | 1.38% |
| 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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