Polaris Infrastructure Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Polaris Infrastructure Inc. stock price after Friday trading.
(Updated on Apr 26, 2024)
The Polaris Infrastructure Inc. stock price gained 0.609% on the last trading day (Friday, 26th Apr 2024), rising from $11.50 to $11.57. During the last trading day the stock fluctuated 1.13% from a day low at $11.52 to a day high of $11.65. The price has risen in 5 of the last 10 days but is still down by -0.43% for this period. Volume fell on the last day by -24 thousand shares and in total, 20 thousand shares were bought and sold for approximately $227.99 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 lies in the middle of a wide 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 -12.42% during the next 3 months and, with a 90% probability hold a price between $9.04 and $10.65 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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PIF.TO Signals & Forecast
The Polaris Infrastructure Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.68. On a fall, the stock will find some support from the long-term average at approximately $11.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 3.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Polaris Infrastructure Inc. stock
Polaris Infrastructure Inc. finds support from accumulated volume at $11.40 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 $0.130 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 2.20%
Our recommended stop-loss: $11.00 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (PIF.TO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Polaris Infrastructure Inc. to open at $11.58, and during the day (based on 14 day Average True Range), to move between $11.32 and $11.82, which gives a possible trading interval of +/-$0.253 (+/-2.18%) up or down from last closing price. If Polaris Infrastructure Inc. takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.69 (1.04%) than the support at $11.40 (1.47%), 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.
Earnings coming up
Polaris Infrastructure Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.216. We will update the financials statements for Polaris Infrastructure Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.
Is Polaris Infrastructure Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.453 Buy Candidate Upgraded
Predicted Opening Price for Polaris Infrastructure Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$11.58 ( 0.0864%) | $11.57 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 11.71 | 1.21 % | |
R2 | 11.66 | 0.781 % | ||
R1 | 11.63 | 0.516 % | ||
Current price: | 11.57 | |||
Support | S1 | 11.53 | -0.343 % | |
S2 | 11.50 | -0.608 % | ||
S3 | 11.45 | -1.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.69 | 9.68 % | |
R2 | 12.30 | 6.31 % | ||
R1 | 11.69 | 1.04 % | ||
Current price | 11.57 | |||
Support | S1 | 11.40 | -1.47% | |
S2 | 11.21 | -3.11% | ||
S3 | 11.18 | -3.37% |
PIF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 09, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.150 | 1.22% |
2 | Nov 10, 2023 | Nov 10, 2023 | Nov 24, 2023 | $0.150 | 1.14% |
3 | Nov 02, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.150 | 1.14% |
4 | Aug 11, 2023 | Aug 11, 2023 | Aug 25, 2023 | $0.150 | 1.06% |
5 | May 04, 2023 | May 12, 2023 | Aug 25, 2023 | $0.202 | 1.43% |
FAQ
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