PLDT Inc. Stock Forecast
Green day on Monday for PLDT Inc. stock after gaining 0.251%
(Updated on May 06, 2024)
The PLDT Inc. stock price gained 0.251% on the last trading day (Monday, 6th May 2024), rising from $23.88 to $23.94. During the last trading day the stock fluctuated 1.82% from a day low at $23.64 to a day high of $24.07. The price has been going up and down for this period, and there has been a 4.13% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately $980.18 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.34% during the next 3 months and, with a 90% probability hold a price between $23.41 and $28.03 at the end of this 3-month period.
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PHI Signals & Forecast
Mostly positive signals in the chart today. The PLDT Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $23.81 and $23.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). PLDT Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for PLDT Inc. stock
PLDT Inc. finds support from accumulated volume at $23.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.430 (1.82%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: $22.77 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (PHI) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect PLDT Inc. to open at $23.88, and during the day (based on 14 day Average True Range), to move between $23.40 and $24.48, which gives a possible trading interval of +/-$0.538 (+/-2.25%) up or down from last closing price. If PLDT Inc. takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.79 (0.63%) than the resistance at $24.88 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PLDT Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PLDT Inc. stock to perform well in the short-term.
Current score: 3.095 Buy Candidate Unchanged
Predicted Opening Price for PLDT Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $23.88 ( 0.237%) | $23.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.31 | 1.56 % | |
| R2 | 24.15 | 0.87 % | ||
| R1 | 24.05 | 0.449 % | ||
| Current price: | 23.94 | |||
| Support | S1 | 23.72 | -0.92 % | |
| S2 | 23.62 | -1.35 % | ||
| S3 | 23.45 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.99 | 12.74 % | |
| R2 | 25.73 | 7.48 % | ||
| R1 | 24.88 | 3.93 % | ||
| Current price | 23.94 | |||
| Support | S1 | 23.79 | -0.627% | |
| S2 | 23.71 | -0.96% | ||
| S3 | 22.94 | -4.18% |
PHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 19, 2024 | Apr 19, 2024 | $0.597 | 2.58% |
| 2 | Aug 04, 2023 | Aug 15, 2023 | Sep 18, 2023 | $0.88 | 4.58% |
| 3 | Mar 23, 2023 | Apr 06, 2023 | May 11, 2023 | $1.08 | 5.01% |
| 4 | Aug 04, 2022 | Aug 16, 2022 | Sep 20, 2022 | $1.35 | 4.82% |
| 5 | Mar 07, 2022 | Mar 15, 2022 | Apr 19, 2022 | $0.81 | 2.23% |
FAQ
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