Perpetual Equity Investment Co Ltd Stock Forecast
Green day on Friday for Perpetual Equity Investment Co Ltd
(Updated on May 03, 2024)
The Perpetual Equity Investment Co Ltd stock price gained 0.429% on the last trading day (Friday, 3rd May 2024), rising from $1.17 to $1.17. During the last trading day the stock fluctuated 0.86% from a day low at $1.17 to a day high of $1.18. The price has fallen in 6 of the last 10 days and is down by -1.27% for this period. Volume fell on the last day by -4 thousand shares and in total, 339 thousand shares were bought and sold for approximately $396.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $1.16 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Perpetual Equity Investment Co Ltd stock with a 90% probability to be traded between $1.16 and $1.24 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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PIC.AX Signals & Forecast
There are mixed signals in the stock today. The Perpetual Equity Investment Co Ltd 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 $1.18. On a fall, the stock will find some support from the short-term average at $1.17. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.429%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Perpetual Equity Investment Co Ltd stock
Perpetual Equity Investment Co Ltd finds support from accumulated volume at $1.17 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 0.86%. For the last week the stock has had daily average volatility of 0.86%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PIC.AX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Perpetual Equity Investment Company Limited to open at $1.17, and during the day (based on 14 day Average True Range), to move between $1.15 and $1.19, which gives a possible trading interval of +/-$0.0158 (+/-1.35%) up or down from last closing price. If Perpetual Equity Investment Company Limited takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.17 (0.43%) than the resistance at $1.18 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Perpetual Equity Investment Company Limited stock A Buy?
Perpetual Equity Investment Co Ltd 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: -1.539 Sell Candidate Unchanged
Predicted Opening Price for Perpetual Equity Investment Company Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.17 ( 0%) | $1.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.18 | 0.85 % | |
| R2 | 1.18 | 0.528 % | ||
| R1 | 1.17 | 0.326 % | ||
| Current price: | 1.17 | |||
| Support | S1 | 1.17 | -0.326 % | |
| S2 | 1.16 | -0.528 % | ||
| S3 | 1.16 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.19 | 1.28 % | |
| R2 | 1.18 | 0.85 % | ||
| R1 | 1.18 | 0.427 % | ||
| Current price | 1.17 | |||
| Support | S1 | 1.17 | -0.427% | |
| S2 | 1.15 | -1.71% | ||
| S3 | 0 | . |
PIC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Apr 05, 2024 | $0.0400 | 3.36% |
| 2 | Sep 26, 2023 | Sep 26, 2023 | Sep 26, 2023 | $0.0400 | 3.33% |
| 3 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | $0.0330 | 2.84% |
| 4 | Sep 27, 2022 | Sep 27, 2022 | Sep 27, 2022 | $0.0050 | 0.413% |
| 5 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | $0.0280 | 2.09% |
FAQ
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