Pact Group Holdings Ltd Stock Forecast
Pact Group Holdings Ltd stock price down 0.671% on Wednesday
(Updated on Jun 26, 2024)
The Pact Group Holdings Ltd stock price fell by -0.671% on the last day (Wednesday, 26th Jun 2024) from $0.745 to $0.740. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0% from a day low at $0.740 to a day high of $0.740. The price has fallen in 6 of the last 10 days and is down by -3.9% for this period. 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 -19 thousand shares and in total, 16 thousand shares were bought and sold for approximately $11.51 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.756) are considered to be a "second chance" to get out. According to the fan-theory $0.695 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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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 $0.769 and $0.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -10.30%. 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 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. 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.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 1.20%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Pact Group Holdings Ltd to open at $0.740, and during the day (based on 14 day Average True Range), to move between $0.722 and $0.758, which gives a possible trading interval of +/-$0.0181 (+/-2.45%) 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 4.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.84, some $0.1000 (13.51%) from the current price of $0.740, 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 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: -6.588 Strong Sell Candidate Unchanged
Predicted Opening Price for Pact Group Holdings Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.740 ( 0.00000000%) | $0.740 |
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 | |
|---|---|---|
| R3 | 0.740 | 0.00000000% |
| R2 | 0.740 | 0.00000000% |
| R1 | 0.740 | 0.00000000% |
| Price | 0.740 | |
| S1 | 0.740 | 0.00000000% |
| S2 | 0.740 | 0.00000000% |
| S3 | 0.740 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.86 | 15.54% |
| R2 | 0.85 | 14.19% |
| R1 | 0.84 | 13.51% |
| Price | 0.740 | |
| 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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