PPC Ltd Stock Forecast
PPC Ltd stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of PPC Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 4.76% from a day low at $315.00 to a day high of $330.00. The price has risen in 4 of the last 10 days and is up by 2.55% over the past 2 weeks.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $322.25. A reaction back to this level may hold a second chance to get out before further falls.
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PPC.JO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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. 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 $351.29 and $337.57. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
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 $15.00 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 6.76%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect PPC Ltd to open at $322.33, and during the day (based on 14 day Average True Range), to move between $300.67 and $343.33, which gives a possible trading interval of +/-$21.33 (+/-6.62%) up or down from last closing price. If PPC Ltd takes out the full calculated possible swing range there will be an estimated 13.25% 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.
Current score: -1.765 Sell Candidate Unchanged
Predicted Opening Price for PPC Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $322.33 ( 0.104%) | $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 | 337.33 | 4.76% |
| R2 | 331.60 | 2.98% |
| R1 | 328.06 | 1.88% |
| Price | 322.00 | |
| S1 | 316.60 | -1.68% |
| S2 | 313.06 | -2.78% |
| S3 | 307.33 | -4.55% |
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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