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AI Analysis of PPE.AX
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People Infrastructure Ltd stock price down 0.488% on Monday
(Updated on Apr 22, 2024)

Sell candidate since Apr 19, 2024 Loss -0.49% PDF

The People Infrastructure Ltd stock price fell by -0.488% on the last day (Monday, 22nd Apr 2024) from $1.03 to $1.02. During the last trading day the stock fluctuated 1.96% from a day low at $1.02 to a day high of $1.04. The price has fallen in 5 of the last 10 days and is down by -1.45% for this period. Volume has increased on the last day by 151 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, 238 thousand shares were bought and sold for approximately $242.40 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.52% during the next 3 months and, with a 90% probability hold a price between $0.796 and $1.02 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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PPE.AX Signals & Forecast

There are mixed signals in the stock today. The People Infrastructure Ltd 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 $1.04. On a fall, the stock will find some support from the short-term average at $1.02. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). People Infrastructure Ltd 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". A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.51%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for People Infrastructure Ltd stock

People Infrastructure Ltd finds support from accumulated volume at $1.02 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 $0.0200 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 3.01%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PPE.AX) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect People Infrastructure Ltd to open at $1.03, and during the day (based on 14 day Average True Range), to move between $0.98 and $1.06, which gives a possible trading interval of +/-$0.0397 (+/-3.89%) up or down from last closing price. If People Infrastructure Ltd takes out the full calculated possible swing range there will be an estimated 7.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.02 (0.49%) than the resistance at $1.05 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is People Infrastructure Ltd stock A Buy?

People Infrastructure Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.338 Sell Candidate Unchanged

Predicted Opening Price for People Infrastructure Ltd of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$1.03 ( 0.654%) $1.02

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

Trading levels for PPE.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.05 2.61 %
R2 1.04 1.87 %
R1 1.03 1.40 %
Current price: 1.02
Support S1 1.02 -0.0954 %
S2 1.01 -0.558 %
S3 1.01 -1.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.13 10.78 %
R2 1.06 3.43 %
R1 1.05 2.94 %
Current price 1.02
Support S1 1.02 -0.490%
S2 1.01 -0.98%
S3 1.00 -2.45%

PPE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2024 Mar 04, 2024 Apr 04, 2024 $0.0300 2.86%
2 Feb 24, 2023 Feb 24, 2023 Feb 24, 2023 $0.0700 2.21%
3 Sep 01, 2022 Sep 01, 2022 Sep 01, 2022 $0.0650 1.83%
4 Feb 25, 2022 Feb 25, 2022 Feb 25, 2022 $0.0650 1.61%
5 Sep 03, 2021 Sep 03, 2021 Sep 03, 2021 $0.0600 1.48%

FAQ

What is the symbol for People Infrastructure Ltd Stock and on which exchange is it traded?
The symbol for People Infrastructure Ltd is PPE.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell People Infrastructure Ltd Stock?
People Infrastructure Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of People Infrastructure Ltd Stock?
As of the end of day on the Apr 22, 2024, the price of an People Infrastructure Ltd (PPE.AX) share was $1.02.

What is the 52-week high and low for People Infrastructure Ltd Stock?
The 52-week high for People Infrastructure Ltd Stock is $3.16 and the 52-week low is $0.97.

What is the market capitalization of People Infrastructure Ltd Stock?
As of the Apr 22, 2024, the market capitalization of People Infrastructure Ltd is 106.426M.

When is the next earnings date for People Infrastructure Ltd?
The upcoming earnings date for People Infrastructure Ltd is Aug 24, 2024.
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