Petershill Partners Plc Stock Forecast
Petershill Partners Plc stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Petershill Partners Plc stock price fell by -0.239% on the last day (Friday, 28th Jun 2024) from £209.00 to £208.50. During the last trading day the stock fluctuated 3.19% from a day low at £203.50 to a day high of £210.00. The price has risen in 5 of the last 10 days and is up by 2.46% over the past 2 weeks. Volume has increased on the last day by 275 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 275 thousand shares were bought and sold for approximately £57.26 million.
The stock lies in the middle of a 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 7.68% during the next 3 months and, with a 90% probability hold a price between £212.98 and £233.59 at the end of this 3-month period.
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PHLL.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -2.11%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Petershill Partners Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £208.50 and £206.27. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Petershill Partners Plc stock
Petershill Partners Plc finds support from accumulated volume at £207.50 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 £6.50 between high and low, or 3.19%. For the last week the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: £201.14 (-3.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (PHLL.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Petershill Partners Plc to open at £207.33, and during the day (based on 14 day Average True Range), to move between £202.99 and £214.01, which gives a possible trading interval of +/-£5.51 (+/-2.64%) up or down from last closing price. If Petershill Partners Plc takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £209.00 (0.24%) than the support at £207.50 (0.48%), 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 Petershill Partners Plc stock A Buy?
Petershill Partners Plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Petershill Partners Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £207.33 ( 0.560%) | £208.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHLL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 213.83 | 2.56% |
| R2 | 211.35 | 1.37% |
| R1 | 209.82 | 0.631% |
| Price | 208.50 | |
| S1 | 204.85 | -1.75% |
| S2 | 203.32 | -2.49% |
| S3 | 200.83 | -3.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 211.00 | 1.20% |
| R2 | 210.00 | 0.719% |
| R1 | 209.00 | 0.240% |
| Price | 208.50 | |
| S1 | 207.50 | -0.480% |
| S2 | 207.00 | -0.719% |
| S3 | 203.00 | -2.64% |
PHLL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 14, 2024 | £8.04 | 3.88% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Oct 27, 2023 | £4.03 | 2.69% |
| 3 | May 11, 2023 | May 11, 2023 | Jun 16, 2023 | £8.77 | 5.49% |
| 4 | Sep 21, 2022 | Sep 29, 2022 | Oct 28, 2022 | £3.16 | 1.61% |
| 5 | Apr 29, 2022 | May 12, 2022 | Jun 17, 2022 | £2.12 | 1.01% |
FAQ
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