RSI low/high Values: [ 20 - 80 ]
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AI Analysis of POLR.L
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Polar Petroleum Corp stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)

Buy candidate since Jul 01, 2024 Gain 0.17% PDF

The Polar Petroleum Corp stock price gained 0.173% on the last trading day (Tuesday, 2nd Jul 2024), rising from £579.00 to £580.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.85% from a day low at £572.00 to a day high of £594.00. The price has risen in 6 of the last 10 days and is up by 7.41% over the past 2 weeks. Volume fell on the last day by -561 thousand shares and in total, 400 thousand shares were bought and sold for approximately £232.07 million. 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 strong 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 12.98% during the next 3 months and, with a 90% probability hold a price between £576.13 and £696.32 at the end of this 3-month period.

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POLR.L Signals & Forecast

The Polar Petroleum Corp 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 £557.00 and £553.74. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, May 24, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Polar Petroleum Corp stock

Polar Petroleum Corp finds support from accumulated volume at £579.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £22.00 (3.85%) between high and low. For the last week, the stock has had daily average volatility of 3.91%.

Our recommended stop-loss: £557.81 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (POLR.L) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Polar Petroleum Corp to open at £582.00, and during the day (based on 14 day Average True Range), to move between £557.23 and £602.77, which gives a possible trading interval of +/-£22.77 (+/-3.93%) up or down from last closing price. If Polar Petroleum Corp takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £579.00 (0.17%) than the resistance at £588.00 (1.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Polar Petroleum Corp 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 Polar Petroleum Corp stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.579 Buy Candidate Downgraded

Predicted Opening Price for Polar Petroleum Corp of Wednesday, July 3, 2024

Fair opening price July 3, 2024 Current price
£582.00 ( 0.345%) £580.00

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

Trading levels for POLR.L

Fibonacci Support & Resistance Levels

Level Price
R3 604.00 4.14%
R2 595.60 2.69%
R1 590.40 1.79%
Price 580.00
S1 573.60 -1.10%
S2 568.40 -2.00%
S3 560.00 -3.45%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 588.00 1.38%
Price 580.00
S1 579.00 -0.172%
S2 540.00 -6.90%
S3 537.00 -7.41%

POLR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 04, 2024 Jul 04, 2024 Jul 26, 2024 £32.00 5.52%
2 Dec 14, 2023 Dec 14, 2023 Jan 12, 2024 £14.00 3.14%
3 Jul 06, 2023 Jul 06, 2023 Jul 06, 2023 £32.00 6.85%
4 Nov 21, 2022 Dec 22, 2022 Jan 13, 2023 £14.00 2.70%
5 Jun 27, 2022 Jul 07, 2022 Jul 29, 2022 £32.00 6.56%

FAQ

What is the symbol for Polar Petroleum Corp Stock and on which exchange is it traded?
The symbol for Polar Petroleum Corp is POLR.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Polar Petroleum Corp Stock?
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 Polar Petroleum Corp stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Polar Petroleum Corp Stock?
Polar Petroleum Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Polar Petroleum Corp Stock.

What's the current price of Polar Petroleum Corp Stock?
As of the end of day on the Jul 02, 2024, the price of an Polar Petroleum Corp (POLR.L) share was £580.00.

What is the 52-week high and low for Polar Petroleum Corp Stock?
The 52-week high for Polar Petroleum Corp Stock is £599.00 and the 52-week low is £385.00.

What is the market capitalization of Polar Petroleum Corp Stock?
As of the Jul 02, 2024, the market capitalization of Polar Petroleum Corp is 556.867M.

When is the next earnings date for Polar Petroleum Corp?
The upcoming earnings date for Polar Petroleum Corp is Sep 27, 2024.
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About Polar Petroleum Corp

Polar Petroleum Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. The firm invests in public equity markets across the globe. The firm typically invests in companies in technology, healthcare and financial sectors. Polar Capital Holdings plc was found... POLR.L Profile

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