PBF Energy Stock Forecast
PBF Energy stock price ended at $57.18 on Wednesday, after losing 0.366%.
(Updated on Apr 24, 2024)
The PBF Energy stock price fell by -0.366% on the last day (Wednesday, 24th Apr 2024) from $57.39 to $57.18. During the last trading day the stock fluctuated 2.27% from a day low at $56.37 to a day high of $57.65. The price has fallen in 6 of the last 10 days and is down by -3.2% 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 -232 thousand shares and in total, 1 million shares were bought and sold for approximately $59.77 million.
The stock lies in the middle of a wide and strong 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 23.04% during the next 3 months and, with a 90% probability hold a price between $65.72 and $79.45 at the end of this 3-month period.
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PBF Signals & Forecast
The PBF Energy 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 $56.77 and $56.56. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.83%. 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 PBF Energy stock
On the downside, the stock finds support just below today's level from accumulated volume at $51.06 and $48.16. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PBF Energy finds support just below today's level at $51.06. If this is broken, then the next support from accumulated volume will be at $48.16 and $46.43.
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 $1.28 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: $54.08 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (PBF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect PBF Energy Inc to open at $57.07, and during the day (based on 14 day Average True Range), to move between $55.31 and $59.05, which gives a possible trading interval of +/-$1.87 (+/-3.27%) up or down from last closing price. If PBF Energy Inc takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.57 (0.68%) than the support at $51.06 (10.70%), 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
PBF Energy will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for PBF Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.85% in the first trading day after earnings release.
Is PBF Energy Inc 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 PBF Energy stock to perform well in the short-term.
Current score: 2.331 Buy Candidate Unchanged
Predicted Opening Price for PBF Energy Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $57.07 ( 0.198%) | $57.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.35 | 2.04 % | |
| R2 | 57.86 | 1.19 % | ||
| R1 | 57.56 | 0.657 % | ||
| Current price: | 57.18 | |||
| Support | S1 | 56.58 | -1.05 % | |
| S2 | 56.28 | -1.58 % | ||
| S3 | 55.79 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.50 | 4.06 % | |
| R2 | 59.07 | 3.31 % | ||
| R1 | 57.57 | 0.682 % | ||
| Current price | 57.18 | |||
| Support | S1 | 51.06 | -10.70% | |
| S2 | 48.16 | -15.77% | ||
| S3 | 46.43 | -18.80% |
PBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.250 | 0.457% |
| 2 | Nov 02, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.250 | 0.563% |
| 3 | Aug 03, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.200 | 0.427% |
| 4 | May 05, 2023 | May 16, 2023 | May 31, 2023 | $0.200 | 0.543% |
| 5 | Feb 16, 2023 | Feb 28, 2023 | Mar 16, 2023 | $0.200 | 0.493% |
FAQ
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