Porsche Automobil Holding SE Stock Forecast
Green day on Friday for Porsche Automobil Holding SE stock after gaining 0.0940%
(Updated on May 17, 2024)
The Porsche Automobil Holding SE stock price gained 0.0940% on the last trading day (Friday, 17th May 2024), rising from $54.26 to $54.31. During the last trading day the stock fluctuated 0.81% from a day low at $54.31 to a day high of $54.75. The price has risen in 7 of the last 10 days and is up by 2.86% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 9 shares were bought and sold for approximately $488.80 . 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.04% during the next 3 months and, with a 90% probability hold a price between $52.76 and $58.56 at the end of this 3-month period.
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POAHF Signals & Forecast
The Porsche Automobil Holding SE stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $54.01 and $53.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 6.81%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Porsche Automobil Holding SE stock
Porsche Automobil Holding SE finds support from accumulated volume at $54.26 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 $0.439 between high and low, or 0.81%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $51.96 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (POAHF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Porsche Automobil Holding SE to open at $54.46, and during the day (based on 14 day Average True Range), to move between $53.08 and $55.54, which gives a possible trading interval of +/-$1.23 (+/-2.27%) up or down from last closing price. If Porsche Automobil Holding SE takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.26 (0.09%) than the resistance at $54.77 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Porsche Automobil Holding SE 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 Porsche Automobil Holding SE stock to perform well in the short-term.
Current score: 3.121 Buy Candidate Unchanged
Predicted Opening Price for Porsche Automobil Holding SE of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $54.46 ( 0.269%) | $54.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POAHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.90 | 1.08 % | |
| R2 | 54.73 | 0.769 % | ||
| R1 | 54.63 | 0.578 % | ||
| Current price: | 54.31 | |||
| Support | S1 | 54.29 | -0.0393 % | |
| S2 | 54.19 | -0.230 % | ||
| S3 | 54.02 | -0.539 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.23 | 1.69 % | |
| R2 | 55.01 | 1.29 % | ||
| R1 | 54.77 | 0.85 % | ||
| Current price | 54.31 | |||
| Support | S1 | 54.26 | -0.0939% | |
| S2 | 53.48 | -1.53% | ||
| S3 | 50.85 | -6.37% |
POAHF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 14, 2024 | $2.77 | 5.10% |
| 2 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | $2.51 | 3.84% |
| 3 | May 16, 2018 | May 16, 2018 | May 16, 2018 | $2.08 | 2.66% |
| 4 | May 31, 2017 | May 31, 2017 | May 31, 2017 | $1.13 | 2.11% |
| 5 | Jun 30, 2016 | Jun 30, 2016 | Jun 30, 2016 | $1.12 | 2.64% |
FAQ
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