Perpetual Energy Inc. Stock Forecast
Stronger technical forecast for Perpetual Energy Inc. stock price after Friday trading.
(Updated on May 17, 2024)
The Perpetual Energy Inc. stock price gained 1.96% on the last trading day (Friday, 17th May 2024), rising from $0.510 to $0.520. During the last trading day the stock fluctuated 0% from a day low at $0.520 to a day high of $0.520. The price has fallen in 5 of the last 10 days and is down by -1.89% for this period. Volume fell on the last day by -54 thousand shares and in total, 0 shares were bought and sold for approximately $0 . 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 lower part of a very 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 $0.500 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 30.12% during the next 3 months and, with a 90% probability hold a price between $0.650 and $0.85 at the end of this 3-month period.
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PMT.TO Signals & Forecast
There are mixed signals in the stock today. The Perpetual Energy Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.531. On a fall, the stock will find some support from the short-term average at $0.514. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Perpetual Energy Inc. stock
Perpetual Energy Inc. finds support from accumulated volume at $0.510 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.65%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PMT.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Perpetual Energy Inc. to open at $0.520, and during the day (based on 14 day Average True Range), to move between $0.505 and $0.535, which gives a possible trading interval of +/-$0.0150 (+/-2.88%) up or down from last closing price. If Perpetual Energy Inc. takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.510 (1.92%) than the resistance at $0.540 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Perpetual Energy Inc. stock A Buy?
Perpetual Energy Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.625 Sell Candidate Upgraded
Predicted Opening Price for Perpetual Energy Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.520 ( 0%) | $0.520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PMT.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.520 | . | |
| R2 | 0.520 | . | ||
| R1 | 0.520 | . | ||
| Current price: | 0.520 | |||
| Support | S1 | 0.520 | . | |
| S2 | 0.520 | . | ||
| S3 | 0.520 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.560 | 7.69 % | |
| R2 | 0.550 | 5.77 % | ||
| R1 | 0.540 | 3.85 % | ||
| Current price | 0.520 | |||
| Support | S1 | 0.510 | -1.92% | |
| S2 | 0.500 | -3.85% | ||
| S3 | 0.410 | -21.15% |
PMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2011 | Sep 28, 2011 | Oct 17, 2011 | $0.300 | 0.667% |
| 2 | Aug 09, 2011 | Aug 29, 2011 | Sep 15, 2011 | $0.300 | 0.600% |
| 3 | Jul 14, 2011 | Jul 27, 2011 | Aug 15, 2011 | $0.300 | 0.493% |
| 4 | Jun 16, 2011 | Jun 28, 2011 | Jul 15, 2011 | $0.300 | 0.507% |
| 5 | May 17, 2011 | May 27, 2011 | Jun 15, 2011 | $0.300 | 0.470% |
FAQ
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