Pact Group Holdings Ltd Stock Forecast
Pact Group Holdings Ltd stock price down 0% on Friday
(Updated on May 24, 2024)
No changes to the price of Pact Group Holdings Ltd stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 0.238% from a day low at $0.84 to a day high of $0.84. The price has been going up and down for this period, and there has been a -0.59% loss for the last 2 weeks.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.84 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Pact Group Holdings Ltd stock with a 90% probability to be traded between $0.83 and $0.86 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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PGH.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Pact Group Holdings Ltd 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 $0.84 and $0.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.75%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pact Group Holdings Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 $0.0020 between high and low, or 0.238%. For the last week the stock has had daily average volatility of 0.381%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGH.AX) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Pact Group Holdings Ltd to open at $0.84, and during the day (based on 14 day Average True Range), to move between $0.84 and $0.84, which gives a possible trading interval of +/-$0.0047 (+/-0.56%) up or down from last closing price. If Pact Group Holdings Ltd takes out the full calculated possible swing range there will be an estimated 1.13% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.85, some $0.0050 (0.60%) from the current price of $0.84, our system finds the risk reward not very attractive.
Is Pact Group Holdings Ltd stock A Buy?
Pact Group Holdings Ltd holds several negative signals and is within a narrow 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: -2.178 Sell Candidate Unchanged
Predicted Opening Price for Pact Group Holdings Ltd of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| $0.84 ( 0.0794%) | $0.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGH.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.84 | 0.317 % | |
| R2 | 0.84 | 0.227 % | ||
| R1 | 0.84 | 0.170 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.84 | -0.0116 % | |
| S2 | 0.84 | -0.0678 % | ||
| S3 | 0.84 | -0.159 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.86 | 1.79 % | |
| R2 | 0.85 | 1.19 % | ||
| R1 | 0.85 | 0.595 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PGH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 24, 2022 | Aug 24, 2022 | Aug 24, 2022 | $0.0150 | 0.93% |
| 2 | Feb 24, 2022 | Feb 24, 2022 | Feb 24, 2022 | $0.0350 | 1.44% |
| 3 | Aug 26, 2021 | Aug 26, 2021 | Aug 26, 2021 | $0.0600 | 1.47% |
| 4 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | $0.0500 | 1.52% |
| 5 | Aug 27, 2020 | Aug 27, 2020 | Aug 27, 2020 | $0.0300 | 1.28% |
FAQ
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