Premium Brands Holdings Corporation Stock Forecast
Stronger technical forecast for Premium Brands Holdings Corporation stock price after Friday trading.
(Updated on Jun 28, 2024)
The Premium Brands Holdings Corporation stock price fell by -1.03% on the last day (Friday, 28th Jun 2024) from $95.21 to $94.23. During the last trading day the stock fluctuated 1.63% from a day low at $93.70 to a day high of $95.23. The price has risen in 7 of the last 10 days and is up by 7.49% over the past 2 weeks. 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 -83 thousand shares and in total, 42 thousand shares were bought and sold for approximately $4.00 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $95.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.18% during the next 3 months and, with a 90% probability hold a price between $91.91 and $99.26 at the end of this 3-month period.
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PBH.TO Signals & Forecast
The Premium Brands Holdings Corporation 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 $92.25 and $90.30. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, June 27, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Premium Brands Holdings Corporation stock
Premium Brands Holdings Corporation finds support from accumulated volume at $92.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.53 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: $90.62 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (PBH.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Premium Brands Holdings Corporation to open at $94.39, and during the day (based on 14 day Average True Range), to move between $92.42 and $96.04, which gives a possible trading interval of +/-$1.81 (+/-1.92%) up or down from last closing price. If Premium Brands Holdings Corporation takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $94.42 (0.20%) than the support at $92.35 (2.00%), 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 Premium Brands Holdings Corporation 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 Premium Brands Holdings Corporation 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: 2.180 Buy Candidate Upgraded
Predicted Opening Price for Premium Brands Holdings Corporation of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$94.39 ( 0.166%) | $94.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBH.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 95.92 | 1.79% |
R2 | 95.33 | 1.17% |
R1 | 94.97 | 0.787% |
Price | 94.23 | |
S1 | 93.80 | -0.454% |
S2 | 93.44 | -0.84% |
S3 | 92.86 | -1.46% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 95.21 | 1.04% |
R1 | 94.42 | 0.202% |
Price | 94.23 | |
S1 | 92.35 | -2.00% |
S2 | 89.40 | -5.13% |
S3 | 89.00 | -5.55% |
PBH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.85 | 0.90% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.85 | 1.00% |
3 | Nov 16, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.770 | 0.81% |
4 | Aug 14, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.770 | 0.82% |
5 | May 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.770 | 0.709% |
FAQ
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