PPHE Hotel Group Limited Stock Forecast
PPHE Hotel Group Limited stock price up 0.680% on Friday
(Updated on May 03, 2024)
The PPHE Hotel Group Limited stock price gained 0.680% on the last trading day (Friday, 3rd May 2024), rising from £1,470.00 to £1,480.00. During the last trading day the stock fluctuated 0.97% from a day low at £1,465.75 to a day high of £1,480.00. The price has risen in 5 of the last 10 days and is up by 2.78% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 5 thousand shares were bought and sold for approximately £7.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.33% during the next 3 months and, with a 90% probability hold a price between £1,783.01 and £1,898.40 at the end of this 3-month period.
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PPH.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The PPHE Hotel Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,479.29 and £1,431.86. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for PPHE Hotel Group Limited stock
PPHE Hotel Group Limited finds support from accumulated volume at £1,460.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £14.25 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: £1,425.22 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (PPH.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect PPHE Hotel Group Limited to open at £1,475.25, and during the day (based on 14 day Average True Range), to move between £1,445.82 and £1,514.18, which gives a possible trading interval of +/-£34.18 (+/-2.31%) up or down from last closing price. If PPHE Hotel Group Limited takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,485.00 (0.34%) than the support at £1,460.00 (1.35%), 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 PPHE Hotel Group Limited stock A Buy?
PPHE Hotel Group 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: 0.936 Hold/Accumulate Unchanged
Predicted Opening Price for PPHE Hotel Group Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £1,475.25 ( 0.321%) | £1,480.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,489.50 | 0.642 % | |
| R2 | 1,484.06 | 0.274 % | ||
| R1 | 1,480.69 | 0.0469 % | ||
| Current price: | 1,480.00 | |||
| Support | S1 | 1,469.81 | -0.689 % | |
| S2 | 1,466.44 | -0.92 % | ||
| S3 | 1,461.00 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,495.00 | 1.01 % | ||
| R1 | 1,485.00 | 0.338 % | ||
| Current price | 1,480.00 | |||
| Support | S1 | 1,460.00 | -1.35% | |
| S2 | 1,415.00 | -4.39% | ||
| S3 | 1,335.00 | -9.80% |
PPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 25, 2024 | £0 | 0% |
| 2 | Mar 02, 2023 | Apr 27, 2023 | May 31, 2023 | £12.00 | 1.11% |
| 3 | Sep 01, 2022 | Sep 15, 2022 | Oct 14, 2022 | £3.00 | 0.242% |
| 4 | Feb 27, 2020 | Apr 23, 2020 | May 22, 2020 | £20.00 | 1.83% |
| 5 | Sep 05, 2019 | Sep 19, 2019 | Oct 15, 2019 | £17.00 | 0.92% |
FAQ
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