Peet Limited Stock Forecast
Peet Limited stock price ended at $1.20 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of Peet Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0.84% from a day low at $1.19 to a day high of $1.20. The price has been going up and down for this period, and there has been a 0.42% gain for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Peet Limited stock with a 90% probability to be traded between $1.19 and $1.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PPC.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 1.27%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Peet Limited 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 $1.20. On a fall, the stock will find some support from the short-term average at $1.19. 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. The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, April 10, 2024 and based on theory for this formation the price should go up by 6.83% to $1.28 within 12 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Peet Limited stock
Peet Limited finds support from accumulated volume at $1.19 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0100 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $1.13 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (PPC.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Peet Limited to open at $1.19, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.21, which gives a possible trading interval of +/-$0.0177 (+/-1.48%) up or down from last closing price. If Peet Limited takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.20 (0.42%) than the support at $1.19 (0.42%), 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 Peet Limited stock A Buy?
Peet Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.105 Hold/Accumulate Unchanged
Predicted Opening Price for Peet Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $1.19 ( 0.279%) | $1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 0.558 % | |
| R2 | 1.20 | 0.238 % | ||
| R1 | 1.20 | 0.0407 % | ||
| Current price: | 1.20 | |||
| Support | S1 | 1.19 | -0.599 % | |
| S2 | 1.19 | -0.796 % | ||
| S3 | 1.18 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.24 | 3.35 % | |
| R2 | 1.21 | 0.84 % | ||
| R1 | 1.20 | 0.418 % | ||
| Current price | 1.20 | |||
| Support | S1 | 1.19 | -0.418% | |
| S2 | 1.19 | -0.84% | ||
| S3 | 1.18 | -1.26% |
PPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 12, 2024 | $0.0150 | 1.27% |
| 2 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | $0.0350 | 3.13% |
| 3 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | $0.0400 | 3.45% |
| 4 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | $0.0225 | 1.96% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | $0.0250 | 2.25% |
FAQ
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