Potlatch Corporation stock price up 0.31215161649944% on Friday
(Updated on Dec 08, 2023)
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The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Potlatch Corporation stock with a 90% probability to be traded between $42.34 and $48.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
PCH Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Potlatch Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $45.50 and $45.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 14, 2023, and so far it has fallen -5.64%. 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).
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Support, Risk & Stop-loss for Potlatch Corporation stock
Potlatch Corporation finds support from accumulated volume at $44.70 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 $0.725 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Potlatch Corporation 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 (PCH) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Potlatch Corporation to open at $44.90, and during the day (based on 14 day Average True Range), to move between $44.07 and $45.91, which gives a possible trading interval of +/-$0.92 (+/-2.05%) up or down from last closing price. If Potlatch Corporation takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.70 (0.64%) than the resistance at $45.39 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Potlatch Corporation stock A Buy?
Potlatch Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.778 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for Potlatch Corporation of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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