Park Electrochemical Corporation Stock Forecast
Stronger technical forecast for Park Electrochemical Corporation stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Park Electrochemical Corporation stock price gained 3.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from $13.37 to $13.78. During the last trading day the stock fluctuated 3.26% from a day low at $13.35 to a day high of $13.79. The price has risen in 6 of the last 10 days and is up by 3.92% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 41 thousand shares were bought and sold for approximately $561.26 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.
Given the current short-term trend, the stock is expected to fall -16.14% during the next 3 months and, with a 90% probability hold a price between $10.76 and $11.56 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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PKE Signals & Forecast
The Park Electrochemical Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.46 and $13.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.92%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Park Electrochemical Corporation stock
Park Electrochemical Corporation finds support from accumulated volume at $13.68 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 $0.435 between high and low, or 3.26%. For the last week the stock has had daily average volatility of 2.68%
Our recommended stop-loss: $13.33 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (PKE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Park Electrochemical Corporation to open at $13.64, and during the day (based on 14 day Average True Range), to move between $13.43 and $14.13, which gives a possible trading interval of +/-$0.350 (+/-2.54%) up or down from last closing price. If Park Electrochemical Corporation takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.68 (0.73%) than the resistance at $13.94 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Park Electrochemical Corporation stock A Buy?
Park Electrochemical Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.725 Hold/Accumulate Upgraded
Predicted Opening Price for Park Electrochemical Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $13.64 ( 1.03%) | $13.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.07 | 2.13% |
| R2 | 13.91 | 0.92% |
| R1 | 13.80 | 0.178% |
| Price | 13.78 | |
| S1 | 13.47 | -2.23% |
| S2 | 13.37 | -2.98% |
| S3 | 13.20 | -4.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.27 | 10.81% |
| R2 | 14.34 | 4.06% |
| R1 | 13.94 | 1.16% |
| Price | 13.78 | |
| S1 | 13.68 | -0.726% |
| S2 | 13.50 | -2.03% |
| S3 | 13.27 | -3.70% |
PKE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Aug 02, 2024 | $0.125 | 0.91% |
| 2 | Mar 11, 2024 | Apr 01, 2024 | May 03, 2024 | $0.125 | 0.86% |
| 3 | Dec 11, 2023 | Jan 02, 2024 | Feb 02, 2024 | $0.125 | 0.86% |
| 4 | Sep 11, 2023 | Sep 29, 2023 | Nov 03, 2023 | $0.130 | 0.88% |
| 5 | Jun 12, 2023 | Jun 30, 2023 | Aug 04, 2023 | $0.125 | 0.87% |
FAQ
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