Polaris Infrastructure Inc. Stock Forecast
Polaris Infrastructure Inc. stock price up 0.624% on Tuesday
(Updated on Jul 02, 2024)
The Polaris Infrastructure Inc. stock price gained 0.624% on the last trading day (Tuesday, 2nd Jul 2024), rising from $12.82 to $12.90. During the last trading day the stock fluctuated 0.86% from a day low at $12.86 to a day high of $12.97. The price has fallen in 5 of the last 10 days and is down by -1.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $387.53 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.09% during the next 3 months and, with a 90% probability hold a price between $14.90 and $16.81 at the end of this 3-month period.
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PIF.TO Signals & Forecast
Polaris Infrastructure 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Polaris Infrastructure Inc. 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 $13.00 and $13.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -6.52%. 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).
Support, Risk & Stop-loss for Polaris Infrastructure Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.10 and $11.96. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Polaris Infrastructure Inc. finds support just below today's level at $12.10. If this is broken, then the next support from accumulated volume will be at $11.96 and $11.62.
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 $0.110 (0.86%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PIF.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Polaris Infrastructure Inc. to open at $12.91, and during the day (based on 14 day Average True Range), to move between $12.59 and $13.21, which gives a possible trading interval of +/-$0.314 (+/-2.44%) up or down from last closing price. If Polaris Infrastructure Inc. takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.39 (3.80%) than the support at $12.10 (6.20%), 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 Polaris Infrastructure Inc. stock A Buy?
The Polaris Infrastructure Inc. stock holds several negative signals and despite the positive trend, we believe Polaris Infrastructure Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.803 Sell Candidate Unchanged
Predicted Opening Price for Polaris Infrastructure Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $12.91 ( 0.0775%) | $12.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.02 | 0.93% |
| R2 | 12.98 | 0.604% |
| R1 | 12.95 | 0.403% |
| Price | 12.90 | |
| S1 | 12.87 | -0.248% |
| S2 | 12.84 | -0.449% |
| S3 | 12.80 | -0.775% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.70 | 6.20% |
| R2 | 13.44 | 4.19% |
| R1 | 13.39 | 3.80% |
| Price | 12.90 | |
| S1 | 12.10 | -6.20% |
| S2 | 11.96 | -7.29% |
| S3 | 11.62 | -9.92% |
PIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 24, 2024 | $0.205 | 1.66% |
| 2 | Feb 09, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.150 | 1.22% |
| 3 | Nov 10, 2023 | Nov 10, 2023 | Nov 24, 2023 | $0.150 | 1.14% |
| 4 | Nov 02, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.150 | 1.14% |
| 5 | Aug 11, 2023 | Aug 11, 2023 | Aug 25, 2023 | $0.150 | 1.06% |
FAQ
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