Port of Tauranga Limited Stock Forecast
Port of Tauranga Limited stock price down 0.204% on Friday
(Updated on May 03, 2024)
The Port of Tauranga Limited stock price fell by -0.204% on the last day (Friday, 3rd May 2024) from $4.89 to $4.88. During the last trading day the stock fluctuated 0.82% from a day low at $4.88 to a day high of $4.92. The price has fallen in 6 of the last 10 days and is down by -1.41% for this period. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 278 thousand shares were bought and sold for approximately $1.36 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.61% during the next 3 months and, with a 90% probability hold a price between $4.35 and $4.79 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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POT.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.04%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Port of Tauranga Limited 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 $4.93 and $5.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Port of Tauranga Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Port of Tauranga Limited stock
Port of Tauranga Limited finds support from accumulated volume at $4.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0400 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POT.NZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Port of Tauranga Limited to open at $4.89, and during the day (based on 14 day Average True Range), to move between $4.79 and $4.97, which gives a possible trading interval of +/-$0.0910 (+/-1.86%) up or down from last closing price. If Port of Tauranga Limited takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.87 (0.20%) than the resistance at $5.18 (6.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Port of Tauranga Limited stock A Buy?
Port of Tauranga Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.696 Sell Candidate Unchanged
Predicted Opening Price for Port of Tauranga Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $4.89 ( 0.273%) | $4.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POT.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.93 | 1.09 % | |
| R2 | 4.92 | 0.780 % | ||
| R1 | 4.91 | 0.586 % | ||
| Current price: | 4.88 | |||
| Support | S1 | 4.88 | -0.0399 % | |
| S2 | 4.87 | -0.233 % | ||
| S3 | 4.85 | -0.546 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 10.66 % | |
| R2 | 5.35 | 9.63 % | ||
| R1 | 5.18 | 6.15 % | ||
| Current price | 4.88 | |||
| Support | S1 | 4.87 | -0.205% | |
| S2 | 4.83 | -1.02% | ||
| S3 | 0 | . |
POT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.0706 | 1.36% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | $0.0880 | 1.51% |
| 3 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | $0.0680 | 1.09% |
| 4 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | $0.0820 | 1.28% |
| 5 | Mar 10, 2022 | Mar 10, 2022 | Mar 10, 2022 | $0.0650 | 1.06% |
FAQ
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