PDL Community Bancorp - Ordinary Shares Stock Forecast
PDL Community Bancorp - Ordinary Shares stock downgraded to Hold/Accumulate
(Updated on May 02, 2024)
The PDL Community Bancorp - Ordinary Shares stock price fell by -0.592% on the last day (Thursday, 2nd May 2024) from $8.45 to $8.40. During the last trading day the stock fluctuated 1.75% from a day low at $8.30 to a day high of $8.45. The price has fallen in 7 of the last 10 days but is still up by 5.53% 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 -3 thousand shares and in total, 18 thousand shares were bought and sold for approximately $151.26 thousand.
The stock lies the upper part of a falling 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 $8.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.77% during the next 3 months and, with a 90% probability hold a price between $7.05 and $7.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PDLB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.53%. Further rise is indicated until a new top pivot has been found. 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. The PDL Community Bancorp - Ordinary Shares stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.41. On a fall, the stock will find some support from the short-term average at $8.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for PDL Community Bancorp - Ordinary Shares stock
PDL Community Bancorp - Ordinary Shares finds support from accumulated volume at $8.31 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.145 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: $8.01 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (PDLB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect PDL Community Bancorp - Ordinary Shares to open at $8.38, and during the day (based on 14 day Average True Range), to move between $8.18 and $8.62, which gives a possible trading interval of +/-$0.223 (+/-2.66%) up or down from last closing price. If PDL Community Bancorp - Ordinary Shares takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.31 (1.07%) than the resistance at $8.90 (5.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PDL Community Bancorp - Ordinary Shares stock A Buy?
PDL Community Bancorp - Ordinary Shares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.922 Hold/Accumulate Downgraded
Predicted Opening Price for PDL Community Bancorp - Ordinary Shares of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $8.38 ( 0.179%) | $8.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDLB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.53 | 1.55 % | |
| R2 | 8.47 | 0.89 % | ||
| R1 | 8.44 | 0.481 % | ||
| Current price: | 8.40 | |||
| Support | S1 | 8.33 | -0.84 % | |
| S2 | 8.30 | -1.25 % | ||
| S3 | 8.24 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.98 | 6.90 % | |
| R2 | 8.92 | 6.19 % | ||
| R1 | 8.90 | 5.95 % | ||
| Current price | 8.40 | |||
| Support | S1 | 8.31 | -1.07% | |
| S2 | 8.14 | -3.10% | ||
| S3 | 8.10 | -3.57% |
FAQ
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