PBF Energy Stock Forecast
Red day on Friday for PBF Energy stock after losing 1.41%
(Updated on May 03, 2024)
The PBF Energy stock price fell by -1.41% on the last day (Friday, 3rd May 2024) from $52.60 to $51.86. During the last trading day the stock fluctuated 3.26% from a day low at $51.50 to a day high of $53.18. The price has risen in 6 of the last 10 days but is still down by -7.26% 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 -1 million shares and in total, 2 million shares were bought and sold for approximately $96.61 million.
Given the current short-term trend, the stock is expected to rise 17.57% during the next 3 months and, with a 90% probability hold a price between $60.97 and $76.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PBF Signals & Forecast
There are few to no technical positive signals at the moment. The PBF Energy 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 $54.73 and $57.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -16.41%. 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
PBF Energy finds support from accumulated volume at $51.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.68 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 4.57%.
PBF Energy is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PBF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PBF Energy Inc to open at $52.18, and during the day (based on 14 day Average True Range), to move between $49.83 and $53.89, which gives a possible trading interval of +/-$2.03 (+/-3.92%) up or down from last closing price. If PBF Energy Inc takes out the full calculated possible swing range there will be an estimated 7.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.24 (0.73%) than the support at $51.06 (1.54%), 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 PBF Energy Inc stock A Buy?
The PBF Energy stock holds several negative signals and despite the positive trend, we believe PBF Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.635 Sell Candidate Unchanged
Predicted Opening Price for PBF Energy Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $52.18 ( 0.617%) | $51.86 |
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 | 53.86 | 3.86 % | |
| R2 | 53.22 | 2.62 % | ||
| R1 | 52.82 | 1.85 % | ||
| Current price: | 51.86 | |||
| Support | S1 | 51.54 | -0.620 % | |
| S2 | 51.14 | -1.38 % | ||
| S3 | 50.50 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.65 | 9.24 % | |
| R2 | 54.96 | 5.98 % | ||
| R1 | 52.24 | 0.733 % | ||
| Current price | 51.86 | |||
| Support | S1 | 51.06 | -1.54% | |
| S2 | 48.16 | -7.13% | ||
| S3 | 46.43 | -10.47% |
PBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 30, 2024 | $0.250 | 0.482% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.250 | 0.457% |
| 3 | Nov 02, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.250 | 0.563% |
| 4 | Aug 03, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.200 | 0.427% |
| 5 | May 05, 2023 | May 16, 2023 | May 31, 2023 | $0.200 | 0.543% |
FAQ
Click here for our free guide on how to buy PBF Energy Stock.
