Pantoro Limited Stock Forecast

Green day on Thursday for Pantoro Limited stock after gaining 1.19%
(Updated on May 02, 2024)

PNR.AX Signals & Forecast

The Pantoro Limited 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 $0.0864. On a fall, the stock will find some support from the long-term average at approximately $0.0728. 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. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Pantoro Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0760 and $0.0750. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pantoro Limited finds support just below today's level at $0.0760. If this is broken, then the next support from accumulated volume will be at $0.0750 and $0.0650.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0030 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 4.74%.

Our recommended stop-loss: $0.0804 (-5.41%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (PNR.AX) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Pantoro Limited to open at $0.0847, and during the day (based on 14 day Average True Range), to move between $0.0807 and $0.0893, which gives a possible trading interval of +/-$0.0043 (+/-5.03%) up or down from last closing price. If Pantoro Limited takes out the full calculated possible swing range there will be an estimated 10.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0870 (2.35%) than the support at $0.0760 (10.59%), 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 Pantoro Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pantoro Limited stock to perform well in the short-term.

Current score: 1.623 Buy Candidate Unchanged

Predicted Opening Price for Pantoro Limited of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.