PHC INC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
PHC INC stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The PHC INC stock price fell by -0.269% on the last day (Thursday, 2nd May 2024) from £3.72 to £3.71. During the last trading day the stock fluctuated 3.45% from a day low at £3.71 to a day high of £3.84. The price has fallen in 7 of the last 10 days but is still up by 3.06% 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 -327 thousand shares and in total, 4 thousand shares were bought and sold for approximately £14.01 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PHC INC stock with a 90% probability to be traded between £3.49 and £4.04 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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PHC.L Signals & Forecast
The PHC INC 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 £3.76. On a fall, the stock will find some support from the long-term average at approximately £3.68. 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. 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 Thursday, April 25, 2024, and so far it has fallen -5.89%. 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.
A buy signal from a double bottom formation was found on Monday, March 25, 2024 and based on theory for this formation the price should go up by 11.05% to £4.12 within 2 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for PHC INC stock
PHC INC finds support from accumulated volume at £3.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £0.128 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 6.80%.
Our recommended stop-loss: £3.50 (-5.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (PHC.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect PHC INC to open at £3.75, and during the day (based on 14 day Average True Range), to move between £3.42 and £4.00, which gives a possible trading interval of +/-£0.286 (+/-7.72%) up or down from last closing price. If PHC INC takes out the full calculated possible swing range there will be an estimated 15.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3.65 (1.62%) than the resistance at £3.79 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
PHC INC will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for PHC INC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.51% in the first trading day after earnings release.
Is PHC INC stock A Buy?
PHC INC 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.368 Hold/Accumulate Upgraded
Predicted Opening Price for PHC INC of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £3.75 ( 1.15%) | £3.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.88 | 4.60 % | |
| R2 | 3.83 | 3.28 % | ||
| R1 | 3.80 | 2.47 % | ||
| Current price: | 3.71 | |||
| Support | S1 | 3.70 | -0.168 % | |
| S2 | 3.67 | -0.98 % | ||
| S3 | 3.62 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.84 | 3.50 % | |
| R2 | 3.82 | 2.96 % | ||
| R1 | 3.79 | 2.16 % | ||
| Current price | 3.71 | |||
| Support | S1 | 3.65 | -1.62% | |
| S2 | 3.48 | -6.20% | ||
| S3 | 3.46 | -6.74% |
FAQ
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