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AI Analysis of PCI.AX
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Green day on Thursday for Perpetual Credit Income Trust stock after gaining 0.89%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 08, 2024 Gain 2.73% PDF

The Perpetual Credit Income Trust stock price gained 0.89% on the last trading day (Thursday, 28th Mar 2024), rising from $1.12 to $1.13. During the last trading day the stock fluctuated 1.80% from a day low at $1.11 to a day high of $1.13. The price has been going up and down for this period, and there has been a 2.73% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 518 thousand shares were bought and sold for approximately $585.13 thousand.

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 $1.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.08% during the next 3 months and, with a 90% probability hold a price between $1.10 and $1.16 at the end of this 3-month period.

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PCI.AX Signals & Forecast

The Perpetual Credit Income Trust 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 $1.11 and $1.09. 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). Perpetual Credit Income Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, March 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Perpetual Credit Income Trust stock

Perpetual Credit Income Trust finds support from accumulated volume at $1.10 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 $0.0200 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.36%.

Our recommended stop-loss: $1.09 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (PCI.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Perpetual Credit Income Trust to open at $1.12, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.15, which gives a possible trading interval of +/-$0.0168 (+/-1.49%) up or down from last closing price. If Perpetual Credit Income Trust takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.10, some $0.0350 (3.10%) from the current price of $1.13, our system finds the risk reward attractive.

Is Perpetual Credit Income Trust 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 Perpetual Credit Income Trust stock to perform well in the short-term.

Current score: 2.948 Buy Candidate Unchanged

Predicted Opening Price for Perpetual Credit Income Trust of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$1.12 ( 0.590%) $1.13

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PCI.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.14 1.18 %
R2 1.14 0.504 %
R1 1.13 0.0861 %
Current price: 1.13
Support S1 1.12 -1.27 %
S2 1.11 -1.68 %
S3 1.10 -2.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 1.13
Support S1 1.10 -3.10%
S2 1.09 -3.54%
S3 1.07 -5.31%

PCI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 10, 2024 $0.0069 0.607%
2 Feb 28, 2024 Feb 28, 2024 Mar 11, 2024 $0.0064 0.581%
3 Jan 30, 2024 Jan 30, 2024 Feb 09, 2024 $0.0068 0.638%
4 Dec 28, 2023 Dec 28, 2023 Dec 28, 2023 $0.0068 0.624%
5 Nov 29, 2023 Nov 29, 2023 Nov 29, 2023 $0.0068 0.635%

FAQ

What is the symbol for Perpetual Credit Income Trust Stock and on which exchange is it traded?
The symbol for Perpetual Credit Income Trust is PCI.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Perpetual Credit Income Trust Stock?
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 Perpetual Credit Income Trust stock to perform well in the short-term.

How to buy Perpetual Credit Income Trust Stock?
Perpetual Credit Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Perpetual Credit Income Trust Stock.

What's the current price of Perpetual Credit Income Trust Stock?
As of the end of day on the 2024-03-28, the price of an Perpetual Credit Income Trust (PCI.AX) share was $1.13.

What is the 52-week high and low for Perpetual Credit Income Trust Stock?
The 52-week high for Perpetual Credit Income Trust Stock is $1.13 and the 52-week low is $0.95.

When is the next earnings date for Perpetual Credit Income Trust?
The upcoming earnings date for Perpetual Credit Income Trust is Aug 19, 2024.
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