Pieridae Energy Stock Forecast
Pieridae Energy stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Pieridae Energy stock price fell by -2.70% on the last day (Friday, 21st Jun 2024) from $0.370 to $0.360. During the last trading day the stock fluctuated 4.29% from a day low at $0.350 to a day high of $0.365. The price has fallen in 5 of the last 10 days and is down by -2.7% for this period. Volume has increased on the last day by 234 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 290 thousand shares were bought and sold for approximately $104.48 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.360 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.80% during the next 3 months and, with a 90% probability hold a price between $0.384 and $0.540 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.
PEA.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.41%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pieridae 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 $0.363 and $0.413. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Pieridae Energy gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Pieridae Energy stock
Pieridae Energy finds support from accumulated volume at $0.355 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0150 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEA.TO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Pieridae Energy Limited to open at $0.358, and during the day (based on 14 day Average True Range), to move between $0.340 and $0.380, which gives a possible trading interval of +/-$0.0196 (+/-5.45%) up or down from last closing price. If Pieridae Energy Limited takes out the full calculated possible swing range there will be an estimated 10.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.355 (1.39%) than the resistance at $0.370 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pieridae Energy Limited stock A Buy?
The Pieridae Energy stock holds several negative signals and despite the positive trend, we believe Pieridae Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.180 Sell Candidate Downgraded
Predicted Opening Price for Pieridae Energy Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.358 ( 0.463%) | $0.360 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.373 | 3.70% |
| R2 | 0.368 | 2.11% |
| R1 | 0.364 | 1.13% |
| Price | 0.360 | |
| S1 | 0.353 | -2.05% |
| S2 | 0.349 | -3.04% |
| S3 | 0.343 | -4.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.405 | 12.50% |
| R2 | 0.390 | 8.33% |
| R1 | 0.370 | 2.78% |
| Price | 0.360 | |
| S1 | 0.355 | -1.39% |
| S2 | 0.350 | -2.78% |
| S3 | 0.340 | -5.56% |
PEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 19, 2017 | Oct 19, 2017 | Nov 02, 2017 | $0.0830 | 2.18% |
FAQ
Click here for our free guide on how to buy Pieridae Energy Stock.
