Platinum International Fund (quoted Trust Forecast
Platinum International Fund (quoted trust price up 0.81% on Friday
(Updated on Jun 28, 2024)
The Platinum International Fund (quoted trust price gained 0.81% on the last trading day (Friday, 28th Jun 2024), rising from $4.93 to $4.97. During the last trading day the trust fluctuated 0.606% from a day low at $4.95 to a day high of $4.98. The price has fallen in 6 of the last 10 days and is down by -1.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately $331.03 thousand.
The trust 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 $4.93 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Platinum International Fund (quoted trust with a 90% probability to be traded between $5.00 and $5.29 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PIXX.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Platinum International Fund (quoted 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 Platinum International Fund (quoted trust 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 $4.99 and $5.07. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Platinum International Fund (quoted trust
Platinum International Fund (quoted finds support from accumulated volume at $4.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0300 between high and low, or 0.606%. For the last week the trust has had daily average volatility of 0.81%.
Our recommended stop-loss: $4.66 (-6.18%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (PIXX.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Platinum International Fund (quoted Managed Hedge Fund) to open at $4.97, and during the day (based on 14 day Average True Range), to move between $4.92 and $5.02, which gives a possible trading interval of +/-$0.0462 (+/-0.93%) up or down from last closing price. If Platinum International Fund (quoted Managed Hedge Fund) takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.96 (0.20%) than the resistance at $5.00 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Platinum International Fund (quoted Managed Hedge Fund) trust A Buy?
Platinum International Fund (quoted holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.079 Hold/Accumulate Unchanged
Predicted Opening Price for Platinum International Fund (quoted Managed Hedge Fund) of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$4.97 ( 0.0671%) | $4.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIXX.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.00 | 0.537% |
R2 | 4.99 | 0.306% |
R1 | 4.98 | 0.164% |
Price | 4.97 | |
S1 | 4.96 | -0.298% |
S2 | 4.95 | -0.440% |
S3 | 4.94 | -0.671% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.05 | 1.61% |
R2 | 5.03 | 1.21% |
R1 | 5.00 | 0.604% |
Price | 4.97 | |
S1 | 4.96 | -0.201% |
S2 | 4.93 | -0.80% |
S3 | 4.92 | -1.01% |
FAQ
Click here for our free guide on how to buy Platinum International Fund (quoted Managed Hedge Fund) Trust.