Pengana International Equities Limited Stock Forecast
Red day on Wednesday for Pengana International Equities Limited
(Updated on Jun 26, 2024)
The Pengana International Equities Limited stock price fell by -0.442% on the last day (Wednesday, 26th Jun 2024) from $1.13 to $1.13. During the last trading day the stock fluctuated 0.89% from a day low at $1.13 to a day high of $1.14. The price has fallen in 5 of the last 10 days and is down by -1.32% 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 -68 thousand shares and in total, 85 thousand shares were bought and sold for approximately $95.77 thousand.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between $1.07 and $1.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PIA.AX Signals & Forecast
There are mixed signals in the stock today. The Pengana International Equities Limited 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 $1.13 and $1.14. A break-up above any of these levels will issue buy signals. 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 was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 0.446%. 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). The stock had a Golden Star Signal on Tuesday, December 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, May 31, 2024 and based on theory for this formation the price should go up by 1.08% to $1.14 within 28 trading days since signal was issued (Thursday, July 11, 2024).
Support, Risk & Stop-loss for Pengana International Equities Limited stock
Pengana International Equities Limited finds support from accumulated volume at $1.12 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0100 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 1.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PIA.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Pengana International Equities Limited to open at $1.13, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.14, which gives a possible trading interval of +/-$0.0120 (+/-1.07%) up or down from last closing price. If Pengana International Equities Limited takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.13 (0.44%) than the support at $1.12 (0.44%), 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 Pengana International Equities Limited stock A Buy?
Pengana International Equities Limited 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: -1.987 Sell Candidate Unchanged
Predicted Opening Price for Pengana International Equities Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $1.13 ( 0.296%) | $1.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIA.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.14 | 1.19% |
| R2 | 1.13 | 0.85% |
| R1 | 1.13 | 0.636% |
| Price | 1.13 | |
| S1 | 1.12 | -0.0433% |
| S2 | 1.12 | -0.253% |
| S3 | 1.12 | -0.593% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.15 | 2.22% |
| R2 | 1.14 | 1.33% |
| R1 | 1.13 | 0.444% |
| Price | 1.13 | |
| S1 | 1.12 | -0.444% |
| S2 | 0 | - |
| S3 | 0 | - |
PIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0135 | 1.18% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.0135 | 1.17% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0135 | 1.29% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | $0.0135 | 1.26% |
| 5 | May 31, 2023 | May 31, 2023 | May 31, 2023 | $0.0135 | 1.35% |
FAQ
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