PPC Ltd Stock Forecast
Is PPC Ltd stock still a buy after falling -5.85% on Thursday?
(Updated on Jun 27, 2024)
The PPC Ltd stock price fell by -5.85% on the last day (Thursday, 27th Jun 2024) from $342.00 to $322.00. During the last trading day the stock fluctuated 7.96% from a day low at $314.00 to a day high of $339.00. The price has risen in 5 of the last 10 days and is up by 4.89% over the past 2 weeks. Volume has increased on the last day by 149 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, 1 million shares were bought and sold for approximately $371.06 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $309.76 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.68% during the next 3 months and, with a 90% probability hold a price between $324.26 and $388.47 at the end of this 3-month period.
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PPC.JO Signals & Forecast
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. The PPC Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $357.43 and $337.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -12.97%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PPC Ltd stock
PPC Ltd finds support from accumulated volume at $321.00 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 $25.00 between high and low, or 7.96%. For the last week, the stock has had daily average volatility of 6.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPC.JO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect PPC Ltd to open at $325.00, and during the day (based on 14 day Average True Range), to move between $300.17 and $343.83, which gives a possible trading interval of +/-$21.83 (+/-6.78%) up or down from last closing price. If PPC Ltd takes out the full calculated possible swing range there will be an estimated 13.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $321.00 (0.31%) than the resistance at $334.00 (3.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PPC Ltd stock A Buy?
The PPC Ltd stock holds several negative signals and despite the positive trend, we believe PPC Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.431 Sell Candidate Downgraded
Predicted Opening Price for PPC Ltd of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$325.00 ( 0.93%) | $322.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPC.JO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 350.00 | 8.70% |
R2 | 340.45 | 5.73% |
R1 | 334.55 | 3.90% |
Price | 322.00 | |
S1 | 315.45 | -2.03% |
S2 | 309.55 | -3.87% |
S3 | 300.00 | -6.83% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 370.00 | 14.91% |
R2 | 369.00 | 14.60% |
R1 | 334.00 | 3.73% |
Price | 322.00 | |
S1 | 321.00 | -0.311% |
S2 | 308.00 | -4.35% |
S3 | 307.00 | -4.66% |
PPC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 10, 2024 | Jul 10, 2024 | Jul 15, 2024 | $13.70 | 4.28% |
2 | Jan 04, 2016 | Jan 04, 2016 | Jan 04, 2016 | $21.95 | 2.17% |
3 | Jun 08, 2015 | Jun 08, 2015 | Jun 08, 2015 | $15.97 | 1.24% |
4 | Jan 05, 2015 | Jan 05, 2015 | Jan 05, 2015 | $50.56 | 2.98% |
5 | Jun 09, 2014 | Jun 09, 2014 | Jun 09, 2014 | $25.28 | 1.20% |
FAQ
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