Park-Ohio Holdings Corp. Stock Forecast
Park-Ohio Holdings Corp. stock price up 0.120% on Tuesday
(Updated on Jul 02, 2024)
The Park-Ohio Holdings Corp. stock price gained 0.120% on the last trading day (Tuesday, 2nd Jul 2024), rising from $24.97 to $25.00. During the last trading day the stock fluctuated 1.36% from a day low at $24.91 to a day high of $25.25. The price has been going up and down for this period, and there has been a -0.79% loss for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 8 thousand shares were bought and sold for approximately $200.15 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 moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Park-Ohio Holdings Corp. stock with a 90% probability to be traded between $23.66 and $27.72 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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PKOH Signals & Forecast
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. The Park-Ohio Holdings Corp. 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 $25.30 and $25.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -3.92%. Further fall is indicated until a new bottom pivot has been found. 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-Ohio Holdings Corp. stock
Park-Ohio Holdings Corp. finds support from accumulated volume at $24.14 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 controlled movements and therefore the general risk is considered 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 $0.338 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: $24.03 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (PKOH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Park-Ohio Holdings Corp. to open at $25.05, and during the day (based on 14 day Average True Range), to move between $24.24 and $25.76, which gives a possible trading interval of +/-$0.756 (+/-3.02%) up or down from last closing price. If Park-Ohio Holdings Corp. takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.08 (0.32%) than the support at $24.14 (3.44%), 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 Park-Ohio Holdings Corp. stock A Buy?
Park-Ohio Holdings Corp. 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: 0.666 Hold/Accumulate Unchanged
Predicted Opening Price for Park-Ohio Holdings Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $25.05 ( 0.211%) | $25.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKOH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.39 | 1.56% |
| R2 | 25.26 | 1.05% |
| R1 | 25.18 | 0.727% |
| Price | 25.00 | |
| S1 | 24.92 | -0.306% |
| S2 | 24.84 | -0.625% |
| S3 | 24.71 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.89 | 3.56% |
| R2 | 25.60 | 2.40% |
| R1 | 25.08 | 0.320% |
| Price | 25.00 | |
| S1 | 24.14 | -3.44% |
| S2 | 23.97 | -4.12% |
| S3 | 23.61 | -5.56% |
PKOH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | May 02, 2024 | May 17, 2024 | $0.125 | 0.463% |
| 2 | Jan 26, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.125 | 0.499% |
| 3 | Nov 03, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.130 | 0.539% |
| 4 | Jul 21, 2023 | Aug 03, 2023 | Aug 18, 2023 | $0.125 | 0.651% |
| 5 | Apr 21, 2023 | May 04, 2023 | Aug 18, 2023 | $0.125 | 0.651% |
FAQ
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