Peoples Financial Corp Stock Forecast
Peoples Financial Corp stock price down 0% on Tuesday
(Updated on Jun 18, 2024)
No changes to the price of Peoples Financial Corp stock on the last trading day (Tuesday, 18th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $16.00 to a day high of $16.00. The price has been going up and down for this period, and there has been a 2.56% gain for the last 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Peoples Financial Corp stock with a 90% probability to be traded between $15.54 and $16.52 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.
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PFBX Signals & Forecast
The Peoples Financial Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.04. On a fall, the stock will find some support from the long-term average at approximately $15.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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, June 10, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Peoples Financial Corp stock
Peoples Financial Corp finds support from accumulated volume at $15.60 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.125%.
Our recommended stop-loss: $15.44 (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (PFBX) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Peoples Financial Corp to open at $16.00, and during the day (based on 14 day Average True Range), to move between $15.78 and $16.22, which gives a possible trading interval of +/-$0.220 (+/-1.37%) up or down from last closing price. If Peoples Financial Corp takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.09 (0.56%) than the support at $15.60 (2.48%), 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 Peoples Financial Corp stock A Buy?
Peoples Financial Corp 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.
Current score: 0.130 Hold/Accumulate Unchanged
Predicted Opening Price for Peoples Financial Corp of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
$16.00 ( 0%) | $16.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFBX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.00 | - |
R2 | 16.00 | - |
R1 | 16.00 | - |
Price | 16.00 | |
S1 | 16.00 | - |
S2 | 16.00 | - |
S3 | 16.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 16.25 | 1.56% |
R1 | 16.09 | 0.562% |
Price | 16.00 | |
S1 | 15.60 | -2.48% |
S2 | 15.50 | -3.13% |
S3 | 15.20 | -5.00% |
PFBX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 05, 2024 | Jun 05, 2024 | Jun 10, 2024 | $0.180 | 1.11% |
2 | Oct 27, 2023 | Nov 10, 2023 | Nov 17, 2023 | $0.410 | 3.06% |
3 | Apr 20, 2023 | May 01, 2023 | May 05, 2023 | $0.120 | 0.89% |
4 | Nov 04, 2022 | Nov 04, 2022 | Nov 10, 2022 | $0.100 | 0.617% |
5 | Mar 22, 2022 | Mar 22, 2022 | Mar 22, 2022 | $0.0900 | 0.563% |
FAQ
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