Primary Health Prop. Stock Forecast
Red day on Tuesday for Primary Health Prop.
(Updated on Jul 02, 2024)
The Primary Health Prop. stock price fell by -1.02% on the last day (Tuesday, 2nd Jul 2024) from £92.75 to £91.80. During the last trading day the stock fluctuated 6.25% from a day low at £91.15 to a day high of £96.85. The price has risen in 5 of the last 10 days and is up by 0.99% over the past 2 weeks. Volume has increased on the last day by 1 million 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, 4 million shares were bought and sold for approximately £370.78 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £90.52 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Primary Health Prop. stock with a 90% probability to be traded between £90.14 and £96.79 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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PHP.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.38%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Primary Health Prop. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £92.98. On a fall, the stock will find some support from the short-term average at £91.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Primary Health Prop. stock
Primary Health Prop. finds support from accumulated volume at £91.65 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 £5.70 between high and low, or 6.25%. For the last week the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHP.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Primary Health Prop. to open at £93.27, and during the day (based on 14 day Average True Range), to move between £88.70 and £94.90, which gives a possible trading interval of +/-£3.10 (+/-3.38%) up or down from last closing price. If Primary Health Prop. takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £91.85 (0.05%) than the support at £91.65 (0.16%), 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 Primary Health Prop. stock A Buy?
Primary Health Prop. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.880 Sell Candidate Unchanged
Predicted Opening Price for Primary Health Prop. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £93.27 ( 1.60%) | £91.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHP.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 98.97 | 7.81% |
| R2 | 96.79 | 5.43% |
| R1 | 95.44 | 3.97% |
| Price | 91.80 | |
| S1 | 91.09 | -0.774% |
| S2 | 89.74 | -2.24% |
| S3 | 87.57 | -4.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.05 | 5.72% |
| R2 | 93.00 | 1.31% |
| R1 | 91.85 | 0.0545% |
| Price | 91.80 | |
| S1 | 91.65 | -0.163% |
| S2 | 91.25 | -0.599% |
| S3 | 90.55 | -1.36% |
PHP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Aug 16, 2024 | £1.73 | 1.88% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | May 17, 2024 | £1.73 | 1.80% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Feb 23, 2024 | £1.73 | 1.92% |
| 4 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | £1.68 | 1.87% |
| 5 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £1.68 | 1.81% |
FAQ
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